Fannie Mae Posts Loss, Freddie Mac Posts Gain

Fannie Mae announces that it lost $14.8 billion dollars in the second quarter of 2009. Freddie Mac posts gain of $768 million.

Because of the $14.8 billion dollar loss in the second quarter of 2009, Fannie Mae had to ask the for $10.7 billion dollars to stay solvent. Freddie Mac, however was able to finish in the black for the second quarter after posting a $768 million dollar gain. Read the Full Story Here.

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