Losses hit $28.99bn ( £18.3bn) in the three months to 30 September from a loss of $1.4bn a year earlier, largely due to a tax-related charge of $21.4bn. Together Fannie Mae and Freddie Mac own or guarantee almost half of all US home loans. |
Fannie Mae loss widens to $29bnQuicklink Submitted By Margaret Bassett No comments
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Losses hit $28.99bn ( £18.3bn) in the three months to 30 September from a loss of $1.4bn a year earlier, largely due to a tax-related charge of $21.4bn. Together Fannie Mae and Freddie Mac own or guarantee almost half of all US home loans. |
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