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Fannie Loses $29 Billion in Q3; Alt-A Leads the Way 

Nov 10, 2008By

On Monday, besieged mortgage giant Fannie Mae [stock FNM][/stock] reported a third quarter loss of $29.0 billion, or $13.00/share, compared with a loss of $2.3 billion, or $2.54/share, in the year-ago period — a loss that would seemingly move the GSE ever-closer to drawing on the $100 billion in taxpayer dollars committed to the firm by the U.S. Treasury in September.