Fannie Mae seeks $5.1 billion more from taxpayers

posted by
August 7, 2011
Posted in News, PND News

"Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as it continues to suffer losses on loans made prior to 2009. The largest U.S. residential mortgage funds provider on Friday also reported a second-quarter net loss attributable to common shareholders of $5.2 billion, or 90 cents per share." (08/05/11)  

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