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IPFS News Link • Economy - Economics USA

Fannie Mae Posts Nearly $3.6B Loss In 4Q

• AP
Fannie Mae said it lost nearly $3.6 billion in the fourth quarter of 2007 as home-loan delinquencies mounted and the company preserved cash in anticipation of further losses. Shares of Fannie fell by more than 5%. The quarterly loss at Fannie, the la