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10 August, 2011

Fannie Mae to Taxpayers: We Need Another $5.1 Billion - FoxBusiness.com

Fannie Mae to Taxpayers: We Need Another $5.1 Billion - FoxBusiness.com: "Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as it continues to suffer losses on loans made prior to 2009.

The largest U.S. residential mortgage funds provider on Friday also reported a second-quarter net loss attributable to common shareholders of $5.2 billion, or 90 cents per share..."

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