Fannie Mae posts $18.9 billion Q3 loss, taps Treasury - FTA

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Fannie Mae posts $18.9 billion Q3 loss, taps Treasury

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11-05-2009, 06:20 PM

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Fannie Mae posts $18.9 billion Q3 loss, taps Treasury

NEW YORK (Reuters) - Fannie Mae, the largest provider of funding for U.S. home loans, on Thursday said it would again tap the Treasury to plug a net worth deficit after bad mortgages and foreclosure prevention efforts resulted in a $18.9 billion net loss in the third quarter.

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