Mortgage giant Fannie Mae is asking the Treasury Department for an additional $7.8 billion after a Q3 net loss of $5.1 billion. Last year during the same period the company’s losses were just $1.3 billion. Fannie Mae has continued to watch losses mount as delinquency issues have risen in mortgages it purchased or guaranteed [...]
Fannie Mae Reports $5.1 Billion Quarterly Loss, Asks Government For More Money is a post from: The Inquisitr