JAPANESE FARM INSURER DETAILS EXPOSURE TO US MORTGAGE MARKET

Monday, July 28, 2008; Posted: 01:43 AM

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TOKYO, Jul 28, 2008 (AsiaPulse via COMTEX) -- FNM | Quote | Chart | News | PowerRating -- The National Mutual Insurance Federation of Agricultural Cooperatives said Friday that it holds a total of Y16.9 billion ($US156.69 million) in debt securities issued by U.S. mortgage companies Fannie Mae and Freddie Mac.

In addition, the entity commonly known as JA Kyosairen holds foreign-currency-denominated investment trusts that incorporate about 150 billion yen in bonds issued by U.S. mortgage financiers.

(Nikkei)

For full details on Fannie Mae (FNM) click here. Fannie Mae (FNM) has Short Term PowerRatings of 4. Details on Fannie Mae (FNM) Short Term PowerRatings is available at This Link.

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