Fannie Mae asks Uncle Sam for $4.6 billion more

Fannie Mae is short $4.6 billion and it wants the U.S. government to foot the bill. The mortgage giant reported a net loss of $2.4 billion in the fourth quarter of 2011 after it got slammed by falling home prices.

Original post by Real estate

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>