Fannie Mae Asks for an Additional $8.4B in Government Aid After First-Quarter Loss
May 10, 2010 at 10:36 AM EDT
Housing giant mortgage provider Fannie Mae (FNM) reported this morning that it lost $11.5 billion in the January-March period, compared with a net loss of $15.2 billion in the fourth quarter of 2009. Including $1.5 billion of dividends on its senior preferred stock held by the U.S. Department of Treasury, the net loss was $13.1 [...]