Exactly about Fannie Mae could face more losings

Exactly about Fannie Mae could face more losings

Once the mortgage company discloses plans to raise $7 billion

(Fortune) — Could Fannie Mae function as next big company that is financial announce huge amounts of bucks of market losings on bonds supported by troubled mortgages?

That definitely appears feasible following the mortgage that is government-sponsored announced plans Tuesday to bolster money by offering $7 billion of the latest stock and cut its dividend by 30%. Continue reading “Exactly about Fannie Mae could face more losings”