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Loan Modification

: Mortgage Lender Implode-o-Meter

Fannie Seeks $15bn of Aid After Quarterly Loss

By Implode-Explode Heavy Industries

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"To cure this deficit, Fannie?s conservator ? the Federal Housing Finance Agency (FHFA) ? requested $15.3bn from the Treasury Department. These funds, which Fannie asked to be delivered by the end of March, would come through the Treasury?s previous senior preferred stock purchase agreement."

Full post as published by Mortgage Lender Implode-o-Meter on March 01, 2010 (boomark / email).

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