Industry News

Fannie Mae announces massive sale of stock

$5 billion sell-off intended to restore capital to mortgage giant
Published on Dec 30, 2004

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Fannie Mae announced Wednesday that it has agreed to sell an aggregate of $5 billion in two placements of preferred stock to qualified institutional buyers, representing the largest capital placement ever undertaken by the mortgage-financing giant. The $2.5 billion series ...

Comments