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Real Estate & Property Law

: Housing Wire

Fannie Loses $29 Billion in Q3; Alt-A Leads the Way

By PAUL JACKSON

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On Monday, besieged mortgage giant Fannie Mae (FNM: 0.72 -2.70%) reported a third quarter loss of $29.0 billion, or $13.00/share, compared with a loss of $2.3 billion, or $2.54/share, in the year-ago period — a loss that would seemingly move the GSE ever-closer to drawing on the $100 billion in taxpayer dollars committed to the [...]

Full post as published by Housing Wire on November 10, 2008 (boomark / email).

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