Fannie Mae loss doubles, sees deeper housing slump (Reuters)

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Fannie Mae loss doubles, sees deeper housing slump (Reuters)

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11-09-2007, 06:24 PM

Ron Burgundy Ron Burgundy is offline

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Fannie Mae loss doubles, sees deeper housing slump (Reuters)

Fannie Mae , the largest U.S. mortgage finance company, said on Friday its third-quarter net loss doubled from last year as slumping home prices and a credit squeeze drove down values of mortgage securities.

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