Fannie Mae, a key source of support for the nation's struggling housing market, reported yesterday that its expenses from foreclosures and bad loans rose 64.9 percent during the second quarter and predicted deepening trouble ahead, heightening concerns that the federal government may have to come to... -
As Defaults Climb, Fannie Mae Posts $2.3 Billion Loss
Fannie Mae, a key source of support for the nation's struggling housing market, reported yesterday that its expenses from foreclosures and bad loans rose 64.9 percent during the second quarter and predicted deepening trouble ahead, heightening concerns that the federal government may have to come to...-
By David S. Hilzenrath