WASHINGTON, D.C. (Reuters) – After suffering $13.1 billion in losses in first quarter 2010, Fannie Mae has asked the government for an additional $8.4 billion in aid.
With this request, Fannie Mae, the nation’s largest residential mortgage finance company, will have received more than $84.6 billion in federal aid.
Less than a week ago, Freddie Mac said it would need $10.6 billion in government funds after losing $8 billion in the first quarter.
