posted Fannie to U.S.: We need another $15.3 billion
NEW YORK (CNNMoney.com) -- Battered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government.
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Continuing problems with Fannie Mae's mortgage portfolio are still straining its finances. Some 5.38% of its single-family loans were more than 90 days delinquent, up from 2.42% a year earlier.
Total nonperforming loans were $216.5 billion at year-end, compared with $198.3 billion in the prior quarter and $119.2 billion in the prior year-end.
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Since it was taken over by the federal government in September 2008, Fannie Mae has received $60.9 billion from the Treasury Department.
Freddie Mac (FRE, Fortune 500) reported on Wednesday a fourth-quarter loss of $7.8 billion, compared to $23.9 billion a year earlier. The company lost $21.6 billion for the year, an improvement from 2008 losses of $50.1 billion.
Freddie Mac, which has received $50.7 billion in taxpayer funds, did not request any additional money.
In late December, the Treasury Department lifted a $200 billion limit on the amount it was ready to pump into each of the two mortgage firms
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