Fannie Mae Reports $2.2B First-quarter Loss

Fannie Mae reported losses of $2.2 billion in the first quarter. The nation's largest buyer of h...  More »

Fannie Mae reported losses of $2.2 billion in the first quarter. The nation's largest buyer of home loans said it would cut its dividend and raise $6 billion in new capital, with expectations that the housing slump will persist into next year. (May 6)  « Less