Fannie Misses Estimates, Slashes Dividend

Stock drops 12% in early trading

By Kevin Spak, Newser Staff

Posted Aug 8, 2008 8:37 AM CDT

(Newser) – Fannie Mae reported its fourth straight losing quarter today, Bloomberg reports, coming in $2.3 billion in the red and slashing its dividend. The $2.51-per-share loss far exceeded the 72-cent average predicted by analysts, much as Freddie Mac surprised investors two days ago. “... Read full story »

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Fannie Misses Estimates, Slashes Dividend

Stock drops 12% in early trading

corporate earnings • second quarter earnings • Freddie Mac • Fannie Mae • housing crisis • subprime crisis • financial crisis

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More Newser Stories

Freddie Has 4th-Straight Loss as 2nd Quarter Charges Rise

Increase in foreclosures and associated fees, $1B writedown lead to $821M loss

Don't Blame Fannie for Mess

Wall Street, banks, and government also at fault

Fannie, Freddie Will Stop Foreclosures Over Holidays

Some 16K affected by pause

Fannie-Freddie Merger: The Math Adds Up

As both companies plummet, combining them might make sense

Greenspan: Housing Will Hit Bottom in 2009

Skilled immigrants would help end slump, he says

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