(NY Times-DealBook Blog) Financial conditions are continuing to worsen at the mortgage finance giants, Fannie Mae and Freddie Mac, leading some investors to prepare for a government bailout even as the Treasury Department and the companies say such government intervention will not be necessary, The New York Times reported.
Stock prices of both companies fell again on Tuesday, and some large overseas investors slowed their purchases of securities issued by the companies. Share prices at both Fannie and Freddie have plummeted by more than 24 percent in the last two days, and more than 85 percent since December. On Tuesday, Freddie Mac was forced to pay its steepest borrowing premium in 10 years.
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