Fannie Mae reports $6.5B loss for fourth-quarter 2017

As a result of $3.7 billion deficit, the government-sponsored entity will request taxpayer infusion from Treasury Department

Fannie Mae on Wednesday reported a fourth-quarter net loss of $6.5 billion, a steep year-over-year decline that the government-sponsored, publicly traded entity attributed to a one-time accounting charge brought on by changes to the tax code that passed into law in December.