WASHINGTON — Despite posting a quarterly loss yesterday of $2.2 billion, Fannie Mae tempered the bad news with some good: it promised to raise $6 billion from investors to buy more mortgages from credit unions, banks and other lenders.
Coming off an announcement from the Office of Federal Housing Enterprise Oversight–which regulates Fannie Mae–that it lifted restrictions placed on it after an accounting scandal two years ago, bolstered confidence in the Government Sponsored Enterprise and its stock price climbed.
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