Relevant:
- Freddie Mac posts $354M "Don't Worry, It's Just Derivatives" loss; Cuts Dividend; Won't Draw on Treasury
- Radian losses widen to $1.1 billion in fourth quarter
- Fannie reports record $17.2 billion in profits
- Fannie Mae Loses $29 Billion on Write-Downs
- Is Unlimited Bailout Of Fannie And Freddie A ‘Necessary Evil’?
2011-11-09 — npr.org
"Mortgage giant Fannie Mae is asking the federal government for $7.8 billion in aid to cover its losses in the July-September quarter. The government-controlled company said Tuesday that it lost $7.6 billion in the third quarter. Low mortgage rates reduced profits and declining home prices caused more defaults on loans it had guaranteed. "
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