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Fannie Mae Requests More Aid After 4Q Losses

Mortgage News > Fannie Mae Requests More Aid After 4Q Losses
Date: 03/01/2012    Fannie Mae Requests More Aid After 4Q Losses

Fannie Mae announced this week it experienced roughly $2.4 billion in losses with in its fourth quarter. 

 With such devastating losses Fannie Mae said Wednesday it intends to turn once again to the Federal Government asking for nearly $4.5 billion in aid adding to the already more than $116 billion previously received.  
 
Fannie Mae contributes their continual losses to lower interest paid by homeowners who refinanced with historically low rates as well as other homeowners defaulting on their mortgages.

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