Thursday, August 5, 2010

Fannie Mae asks for $1.5B more in aid after 2Q loss

http://www.usatoday.com/money/economy/housing/2010-08-05-fannie-mae-aid_N.htm

Fannie needs luch money again.

Government-controlled mortgage company Fannie Mae is asking for $1.5 billion in additional taxpayer aid after posting a smaller loss in the second quarter.
Fannie Mae (FNMA) said Thursday that it lost $3.13 billion, or 55 cents a share, in the April-to-June period. The results were the best since the company was put under federal control in September 2008.