Treasury To Double Fannie Mae Support

08 May 2009

The Treasury Department has reach an agreement with Fannie Mae that will double its financial support of the troubled government-sponsored entity to $200 billion.

The Treasury Department has reach an agreement with Fannie Mae that will double its financial support of the troubled government-sponsored entity to $200 billion. Fannie Mae, which recorded losses of $23.2 billion in the first quarter—more than 10 times greater the losses reported a year ago--has requested an ...

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