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Fannie Mae Loses Billions in Q4

Government-backed lender off $3.56B, but feds lifts restraints on portfolio

By Kevin Spak, Newser Staff

Posted Feb 27, 2008 10:48 AM CST

(Newser) – Fannie Mae reported huge fourth-quarter losses today, painting an ugly picture both of the economy and the mortgage giant's own future. The company lost $3.56 billion—triple what analysts expected, Bloomberg reports. Derivatives were the big culprit, accounting for $3.33 billion in losses,... Read full story »

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Fannie Mae Loses Billions in Q4

Government-backed lender off $3.56B, but feds lifts restraints on portfolio

student loans • earnings reports • mortgage • Freddie Mac • Fannie Mae • credit market • subprime crisis • Office of Federal Housing Enterprise Oversight • financial crisis

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Big Fannie Mae Losses Prompt Fears of Failure

Crash would be big blow to US economy, housing market

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Rising defaults break mark mortgage investor set ... last quarter

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Housing giants aim to reduce foreclosures

Fannie, Freddie Edge Back From the Brink

Panic eases after turbulent trading, but big test is yet to come

Freddie, Fannie Rules Eased to Boost Housing Market

Regulators reduce capital surplus required of firms

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