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WASHINGTON, DC-Fannie Mae’s quarterly earnings reports can all but write themselves: another quarter, another loss, another trip to the Treasury Department for additional funds. The only difference is in the numbers–and this time, that difference is good news. Fannie posted a second-quarter net loss of $1.2 billion, which is down from its net loss of $14.8 billion in the same period a year earlier. In fact, it is the smallest loss the GSE has had in three years. 

It will be tapping the Treasury for $1.5 billion. That amount brings the government’s investment in Fannie Mae to $86.1 billion. For multifamily firms, the earnings, however, delivered mixed news. “The serious delinquency rate for Fannie Mae’s multifamily loans is 0.8% as of June 30, up from 0.5% a year earlier but much lower than for the market as a whole,” Sam Chandan, global chief economist and EVP of Real Capital Analytics, tells GlobeSt.com. 

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