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Loan Modification

: Mortgage Lender Implode-o-Meter

Fannie ?Requests? $19 Billion

By Implode-Explode Heavy Industries

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"In its Q1 balance sheet published today, Fannie Mae reported its liabilities exceeded assets by $18.9 billion. To plug that hole, the company put in for $19 billion cash from Treasury. This request follows the $15.2 billion infusion Fannie received 6 weeks ago. Taxpayers should anticipate further payments?the Obama administration has committed $400 billion total to Fan/Fred."

Full post as published by Mortgage Lender Implode-o-Meter on May 08, 2009 (boomark / email).

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