Fannie Mae posts lowest loss since conservatorship

Capitol Hill

Fannie Mae reported its best quarter since it was brought into conservatorship by the US government, results published on Thursday showed.

Fannie Mae, a US government-sponsored enterprises (GSE), made a loss of $1.2 billion in the second quarter of 2010, compared to a net loss of $11.5 billion in the first quarter. The improvement reflected a sharp decline in credit-related expenses, which decreased by more than $7 billion, or 59%, to $4.8 billion.

Net revenue rose 49% compared to the previous q

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