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Real Estate & Property Law

: Housing Wire

Fannie Loses $23.2bn, Needs to Find $19bn

By DIANA GOLOBAY

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Fannie Mae (FNM: 0.86 -2.27%) lost a net $23.2bn — or $4.09 per share — in Q109. A total $20.9bn in credit-related expenses, $5.7bn in securities impairments, and $1.5bn in fair value losses drove the quarterly losses, Fannie Mae officials said in the earnings statement. The loss, in addition to a decrease in unrealized losses on available-for-sale [...]

Full post as published by Housing Wire on May 08, 2009 (boomark / email).

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