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US financial officials have outlined plans for the government to take over the failing mortgage giants Freddie Mac and Fannie Mae.

The two companies account for nearly half of the outstanding mortgages in the US, and have lost billions of dollars during the US housing crash.

The most recent figures acheter cialis show about 9% of US homeowners were behind on their levitra bestellen payments or faced repossession.

The federal takeover is one of the largest bail-outs in US history.

It is intended to keep the two companies afloat, amid fears that either could go bankrupt as borrowers default on their home loans.

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Together, Freddie Mac and Fannie Mae own or guarantee about $5.3 trillion (?3 trillion) of mortgages.

Banks around the world are highly exposed to the two companies and therefore, given the febrile state of markets across the world, it had become dangerous for doubts to persist about whether they were viable and would be able to keep up the payments on their massive liabilities, says the BBC’s business editor Robert Peston.

A rescue plan passed by Congress in July gave the US government the authority to offer unlimited liquidity to the two companies, and to buy their shares, in order to keep them afloat.

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