Fannie Mae, Freddie Mac Report More Losses; Fannie Mae Needs Support

摘要

Fannie Mae and Freddie Mac reported additional multibillion losses in the third quarter of 2009, and Fannie Mae said the Treasury Department's rejection of its proposed sale of low-income housing tax credits could mean more losses in the future.rnFannie Mae reported a net loss of $18.9 billion for the quarter and a net worth deficit of $15.0 billion as of September 30. As a result, the Federal Housing Finance Agency (FHFA) asked Treasury for an additional $15.0 billion on Fannie Mae's behalf to eliminate the deficit and avoid forcing the corporation into receivership.