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Not Good: Fannie Mae Loses $2.3 Billion [Fannie Mae]Fannie Mae is the nation's largest mortgage finance company and it's just not doing too well, says the AP. Increasing losses from foreclosures are wiping out Fannie's revenue. ...expenses related to foreclosures and other credit losses increased to $5.3 billion from $3.2 billion in the previous qua ... |
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Fannie Mae posts another huge loss, cuts dividendNEW YORK (Reuters) - Fannie Mae on Friday posted a much larger-than-expected second-quarter loss and slashed its dividend more than 85 percent to preserve capital as home loan defaults accelerated in the bleakest U.S. housing market since the Great Depression. ... |
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Fannie Mae posts more than $2.3bln lossWASHINGTON (AFP) - Struggling mortgage finance giant Fannie Mae reported Friday a steeper-than-expected quarterly loss and said it was taking measures to face the challenges of the worst US housing slump in decades. ... |
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A $2.3 Billion Loss for Fannie MaeThe mortgage finance company said Friday that it had a second-quarter loss that was more than triple what Wall Street expected. ... |
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Fannie Mae unveils loss of $2.3bnUS mortgage finance company Fannie Mae plunges $2.3bn into the red as a result of housing market woes. ... |
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