Real estate blog entries tagged with loss by Kevin Rhodes

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Home : Blogs : Kevin Rhodes : Kevin Rhodes's Blog : Tag "loss"

loss: $29 Billion 3rd Quarter Loss For Fannie - 11/12/08 11:24 AM

On September 6 The federal Housing Finance Agency (FHFA) took control of both Fannie and Freddie, which forced out management after finding that their capital reserves were too low. This then prompted them to redetermine the value of the company's assets, which in turn slashed the company's net worth by 79% - The difference between the company's assets to liabilities.. Some analyst predict Fannie could very well move into negative territory by Q1 2009. This would mean that Fannie would need to tap federal funds to stay in the black, which it has not done up to this date. The good … (1 comments)

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Kevin Rhodes

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