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FBR sees Fannie Mae losing $20-$40 billion in next 4 quarters

November 12th, 2008 · Permalink



The headquarters of mortgage lender Fannie Mae is pictured in Washington September 8, 2008. (Jason Reed/Reuters)Reuters - Fannie Mae , once a mortgage giant, could post losses totaling $20 billion to $40 billion in the next four quarters, as elevated credit costs continue to hurt the company’s capital position, an analyst at FBR Capital Markets said.


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Tags: banking · gloom & doom