Fannie and Freddie Lose Billions
August 27, 2010 at 09:59 AM EDT
According to a report published by Federal Housing Finance Agency (“FHFA”) on Thursday, government-backed mortgage finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) lost $226 billion in capital in the last three years. As these two mortgage finance companies have absorbed $148 billion in taxpayers’ money since their takeover two years ago to keep themselves [...]