American hypothec giant Fannie Mae has lost $29 billion
11 November 2008In the third quarter of current year Losses of the American hypothec agency Fannie Mae, which have passed in September under a direct control of the state, have reached $29 billion owing to continuation of growth of volume of nonpayments under the mortgage.
During July-September losses Fannie Mae in recalculation in one ordinary share have made $13. Analysts predicted losses at the rate of $1,6 per share.
The company has finished the similar period of last year with losses in $1,4 billion ($1,56 per share). In the second quarter of current year losses of hypothec agency have made $2,3 billion ($2,54 per share).
Fannie Mae and Freddie Mac, one more leader of the USA hypothec market, whose total losses from the middle of last year till March, 2008, have exceeded $12 billion, have been translated under state management in the beginning of September.
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