Shares in US mortgage firms Freddie Mac and Fannie Mae have fallen by more than 40% in early trading amid concerns for the US seeks to calm investor fears ...
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No pick-up for US housing market ... future of the companies.
Investors are concerned that the government may have to step in to rescue them, a move that would wipe out the value of existing shares.
However, this week their regulator said they were "adequately capitalised".
The companies are behind half of all US mortgages and have been hard hit by the slowdown in the housing market.
Freddie Mac shares fell $4.03, or 50%, to $3.97, at the start of trading. Shares of Fannie Mae fell $6.09, or 46%, to $7.11.
(BBC)
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