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WASHINGTON, DC-Both Fannie Mae and Freddie Mac have approached the Treasury Department for additional funding in recent days. Last week, Freddie Mac requested another $6 billion in aid after reporting that its loss had grown to $4.4 billion for the third quarter. On Wednesday Fannie Mae reported a $7.6 billion loss for the quarter and asked the Treasury Department for $7.8 billion. Both GSEs have cited low mortgage rates, declining home prices and growing defaults as the source of their red ink.

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