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Fannie Mae Posts $58.7 billion Loss

The continuing problems of the economy in general and the housing market in particular have again taken their toll on Fannie Mae, which reported a $58.7 billion loss for last year.

By Claude R. Marx | Updated on February 26, 2009

The continuing problems of the economy in general and the housing market in particular have again taken their toll on Fannie Mae, which reported a $58.7 billion loss for last year.

Its fourth quarter loss was $25.2 billion, a slight improvement over its third quarter loss of $29 billion. The mortgage buyer lost $2.3 billion in the second quarter and $2.2 billion in the first three months of 2008.

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