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Fannie Mae reports loss of $14.8 billion in second quarter.

Publication: Mortgage Banking
Publication Date: 01-SEP-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Fannie Mae reports loss of $14.8 billion in second quarter.(Briefing Book)(Federal National Mortgage Association)(Financial report)

Article Excerpt
Fannie Mae's performance in the second quarter resulted in a negative net worth of $10.6 billion, prompting its regulator to request from the Treasury Department a new infusion of an additional $10.7 billion. That new funding will come on top of the $35.2 billion that Treasury already injected as of June 30, 2009, to preserve positive net worth at the company.

In a release announcing the company's quarterly loss of $14.8 billion, the...

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