Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: Sully- who wrote (79734)	5/13/2010 3:07:56 AM
From: Sully-	Read Replies (1) of 90947

Fannie Mae: No Profits for the Indefinite Future By: Veronique de Rugy The Corner From Fannie Mae: <<< Fannie Mae (FNM/NYSE) reported a net loss of $11.5 billion in the first quarter of 2010, compared with a net loss of $15.2 billion in the fourth quarter of 2009. Including $1.5 billion of dividends on our senior preferred stock held by the U.S. Department of Treasury, the net loss attributable to common stockholders was $13.1 billion . . . >>> From Calculated Risk: <<< Fannie Mae reported that the rate of serious delinquencies -- at least 90 days behind -- for conventional loans in its single-family guarantee business increased to 5.59% in February, up from 5.52% in January - and up from 2.96% in February 2009. >>> See chart: More bad news here, considering that we taxpayers are the happy owners of this jewel of a company. .

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