Posted To: MND NewsWire Fannie Mae is reporting a net loss of $2.4 billion for the fourth quarter of 2011 compared to a net loss of $5.1 billion in the third Quarter. For the entire 2011 year it reports a net loss of $16.9 billion compared to $14.0 billion in 2010. The fourth quarter losses reflect $5.5 billion in credit-related expenses, most of which are related to its pre-2009 book of business and due largely to a decline in home prices
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Fannie Mae’s Losses Narrow but Treasury Advance Requested
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