Since the mortgage company discloses intends to raise $7 billion
(Fortune) — Could Fannie Mae end up being the next big company that is financial announce huge amounts of bucks of market losings on bonds supported by troubled mortgages?
That truly appears feasible following the mortgage that is government-sponsored announced plans Tuesday to bolster capital by offering $7 billion of the latest stock and cut its dividend by 30%. In a declaration Tuesday in the money plan, Fannie Mae stated it encountered a selection of mortgage-related losings, including market losings from the securities it holds. Continue reading Exactly about Fannie Mae could face more losings