Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Mortgage firm Fannie Mae has reported a loss of $3.13 billion in the second quarter of 2010 and has requested for more federal aid worth $1.5 billion. This will be Fannie’s 12th consecutive quarterly loss including dividend payments of $1.9 billion to the Treasury Department.

Fannie Mae and Freddie Mac were weighed down by sub-prime loans and collapsed in 2008. Fannie Mae has bagged a total of $86.1 billion in federal aid including this fresh request of $1.5 billion. For the full story, go to Kansas Business Journals.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.