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» Fannie Reports Hefty $1.4 Billion Loss in 3rd Quarter, Raises Fees to Offset Deteriorating Credit Quality
Fannie Reports Hefty $1.4 Billion Loss in 3rd Quarter, Raises Fees to Offset Deteriorating Credit Quality
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Declining housing market conditions and rising credit-related expenses led Fannie Mae to a $1.4 billion loss during the third quarter, and analysts expect the government-sponsored enterprise’s problems to last a while. Fannie has already begun to...