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Ticker Summary (FNM)

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FNM 0.00 0.00%

Mortgage Company, Fannie Mae, Reports $1.4B Loss in Q3 (money.cnn.com)

Fannie Mae, the largest U.S. backer of home lones, reported a third-quarter loss of $1.4 billion and gave a warning about the rising number of loan delinquencies expected to default in 2008. Fannie Mae reported a Q3 loss of $1.56 per share, almost doubling last years loss of $0.79. The company also issued guidance stating that they do not expect home prices to stablize until 2009.

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3 years 313 days ago by Tim

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