Fannie Mae Reports Larger-Than-Expected Losses in Q1

Deteriorating conditions in the U.S. housing market contributed to a larger-than-expected first quarterly loss from U.S. mortgage giant FNMA (Fannie Mae) on Tuesday morning, which reported a loss per share of $2.57 or net losses of $2.2 billion. The street had estimated a loss of $0.81 per share. The company also warned ...