Industry NewsMortgage

Regulators cut Fannie Mae more slack

Fannie will raise $6 billion to counter losses
Published on May 7, 2008

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by CareyBot

Federal regulators have formally lifted many restrictions imposed on government-chartered mortgage financer Fannie Mae in the wake of accounting and management scandals, even as the company reported a $2.2 billion first-quarter loss and predicted losses will grow in 2009.