Home : Home Mortgage Loan : MSN Newsfeeds : Fannie sounds a warning after $2.3bn quarterly loss - Guardian Unlimited
Fannie sounds a warning after $2.3bn quarterly loss - Guardian Unlimited
This article related to: Home Mortgage Loan
Fannie Mae slumped to a quarterly loss of $2.3bn (£1.2bn) after the housing market came down "fast and hard", prompting huge liabilities as borrowers defaulted on home loans. Outlining the extent of its exposure to the downturn, the US's largest ...