Fannie Mae Requests Another $16.3 Billion from the U.S. Treasury

in New Gold South African Gold by admin — March 1, 2010 9:50 am | no comments

Filed under: Earnings Reports , Federal Natl Mtge (FNM) , Housing , Recession , Financial Crisis Fannie Mae ( FNM ), the country’s largest mortgage lender, said Friday when it reported its latest quarterly results that it needs another $16.3 billion to stay afloat. Fannie Mae has been under water since the government started bailing it out in 2008. The reason for Fannie’s persistent problems are the mortgage defaults spreading throughout the housing industry. Serious delinquencies rose to 5.38% as of December 31, up from 4.72% on Sept 30 and 2.42% at the end of 2008. Continue reading Fannie Mae Requests Another $16.3 Billion from the U.S. Treasury Fannie Mae Requests Another $16.3 Billion from the U.S. Treasury originally appeared on BloggingStocks on Mon, 01 Mar 2010 11:50:00 EST. Please see our terms for use of feeds . Permalink �|� Email this �|� Comments

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Fannie Mae Requests Another $16.3 Billion from the U.S. Treasury

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