Fannie Mae Requests Additional $8.4 Billion In Federal Aid

Fannie Mae Requests Additional $8.4 Billion In Federal Aid

While bailed-out banks and car companies are making headway toward repaying their loans in full, it’s a completely different story for mortgage investment firm Fannie Mae. After posting a quarterly loss of $11.5 billion, Fannie Mae has announced it will need another $8.4 billion from its federal overseers government aid. [More]