Fannie Mae posts record $29 billion loss (Reuters)

Filed Under (Personal Finance) by on 10-11-2008

The headquarters of mortgage lender Fannie Mae is shown in Washington September 8, 2008. (Jason Reed/Reuters)Reuters - Fannie Mae, the largest provider of funding for U.S. residential mortgages, on Monday said it lost a record $29 billion in the third quarter as the company wrote down a tax-related asset that has its buoyed capital.

--- Reuters ...

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