Fannie Mae posts lowest loss since conservatorship
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
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