Fannie Mae loses $2.2B in 1Q, warns of severe weakness
(AP)
Source: Yahoo News Published May 6, 2008 @ 8:12am PDT
AP - Fannie Mae reported losses of $2.2 billion in the first quarter and the nation's largest buyer of home loans said Tuesday it would cut its dividend and raise $6 billion in new capital, with expectations that the housing slump will persist into next y [full article]
