The regulator for mortgage finance companies Fannie Mae and Freddie Mac on Wednesday said the decision to delist them from the New York Stock Exchange was no reflection on their performance.
In a statement, the Federal Housing Finance Agency said its decision was based on Fannie Mae's stock price falling below NYSE's required minimum of $1 per share.
"FHFA's determination to direct each company to delist does not constitute any reflection on either enterprise's current performance or future direction, nor does delisting imply any other findings or determination on the part of FHFA as regulator or conservator," FHFA Acting Director Edward DeMarco said.
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