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Real Estate & Property Law

: Housing Wire

Fannie Mae Posts $25.2 Billion Q4 Loss, Requests More Aid

By KELLY CURRAN

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Fannie Mae (FNM: 0.4331 -11.61%) reported Thursday a loss of $25.2 billion, or $4.47 per share, in the fourth quarter of 2008, as it also requested additional capital from the Treasury. “Fourth-quarter results were driven primarily by $12.3 billion in net fair value losses, credit-related expenses of $12.0 billion, and securities impairments of $4.6 billion, as [...]

Full post as published by Housing Wire on February 27, 2009 (boomark / email).

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