Bankruptcy Law News
11/6/2009 10:23:02 AM EST
Fannie Mae seeks $15 bln in US aid after 3Q loss
WASHINGTON – (AP) Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.
The government-controlled company continued to see a dramatic surge of borrowers fall behind as the unemployment rate climbs. Full version (available to lexis.com subscribers) Create an account or login to post comments.