Fannie, Freddie Lose Another $18 Billion in 1Q, Portfolios Expected to Swell From Pool Buyouts
May 14, 2010
Fannie Mae and Freddie Mac lost another $18.2 billion between the two of them in the first quarter of the year, and the red ink is expected to continue to flow for some time as the two companies fulfill their pledges to buy an increasing number of delinquent loans from their MBS pools. Fannie said it would repurchase some $127 billion of loans that were... [Includes one chart]