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Fannie Mae says it needs $7.8 bln more U.S. aid

Posted on 10 November 2011

Fannie Mae said it would seek $7.8 billion more in U.S. government assistance after posting a wider loss in the third quarter as the housing market’s troubles continued.
The Washington-based mortgage finance company on Tuesday posted a net loss of $5.1 billion in the third quarter, compared with a year-ago loss of $1.3 billion. It was the 16th loss in the past 17 quarters for the company, which nearly failed more three years ago and has been kept on government life support ever since………………………………………..Full Article: Source

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