Fannie Mae, Facing Deficit, Asks Fed for Another $4.5 Billion
Feb 29th 2012 12:15PM
WASHINGTON -- Mortgage giant Fannie Mae said Wednesday that it lost money in its fourth quarter and is asking the federal government for $4.57 billion in aid to cover its deficit. Washington-based Fannie said it lost $2.41 billion in the October-December quarter, stung by declining home prices. Revenue was $4.53... Continue Reading »
