Fannie Takes Another Beating in 4Q07, Losing $3.6 Billion; OFHEO to Lift GSE Portfolio Caps
February 28, 2008
Fannie Mae announced a jumbo-sized $3.56 billion loss in the fourth quarter of 2007 but investors bid up its stock price on Wednesday after federal regulators announced a relatively cosmetic plan to lift portfolio growth restrictions for the government-sponsored...