Fannie Asks Treasury for $15Bn, May Sell Housing Tax Credits

Financial fallout at mortgage giant Fannie Mae (FNM: 1.0399 -7.15%) continues to develop following the $19.8bn quarterly net loss, with the agency’s conservator confirming Fannie may sell as much as $2.6bn of low-income housing tax credits to investors and is requesting another $15bn in support from the US Treasury Department. The Federal Housing Finance Agency (FHFA) [...]...