MCLEAN, Va., Aug. 26, 2011 /PRNewswire/ -- Freddie Mac (OTC: FMCC) today announced that it will delay its regularly scheduled August 26, 2011, Reference Bills auction announcement until Monday, August 29, due to impending Hurricane Irene and the potential impact the storm may have on capital market participants in New York and other areas of the eastern United States.
The company's annual funding calendar sets weekly announcement and auction dates for Reference Bills offerings. Freddie Mac was originally scheduled to announce this week's Reference Bills announcement at 10:30 a.m. today, and conduct the auction on Monday, August 29. The company will now delay its announcement until the morning of August 29, when it will assess what impact, if any, the storm has had on the operations of the capital markets.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. www.FreddieMac.com
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