Fannie Mae CEO visits investors in Asia, Europe: report
NEW YORK (Reuters) - Daniel Mudd, Chief Executive of Fannie Mae <FNM.N>, the largest U.S. home funding company, is taking a 10-day visit to investors in Asia and Europe, according to the Wall Street Journal on Monday.
The news comes as worries mount that Fannie Mae may soon need a government bailout after being hit by falling home prices and soaring defaults in the credit markets.
The Journal reported Mudd as saying in an interview that the company isn't working on a capital-raising transaction but didn't rule out the possibility.
No-one at Fannie Mae was immediately available for comment.
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(Reporting by Yinka Adegoke; Editing by David Holmes)