Fannie Mae and Freddie Mac common stock was removed today from the New York Stock Exchange (NYSE). The Federal Housing Finance Agency (FHFA) directed the government-sponsored enterprises (GSEs) in June to de-list from the NYSE and any other national securities exchange. The direction came after the price of their common stock hovered near the minimum average closing price of $1 for more than 30 days for most months since the conservatorship took effect in September 2008. Both GSEs begin trading in the over-the-counter (OTC) market today. Their ticker symbols on HousingWire 's industry tracker were replaced with private mortgage insurers, PMI Mortgage Insurance Co. (PMI) and Mortgage Guaranty Insurance Corp. (MTG). Fannie said its common stock will begin trading on the OTC Bulletin Board — which tracks quote, price and volume information in OTC securities — under the symbol "FNMA".