Fannie Mae Absorbs $6.5B Q4 Loss
National Mortgage Professional, Feb. 14, 2018–Phil Hall
Fannie Mae reported a net loss of $6.5 billion in the fourth quarter of 2017 and stated that it will need $3.7 billion from the Treasury Department. Timothy J. Mayopoulos, president and CEO of Fannie Mae, blamed the government-sponsored enterprise’s dismal fourth quarter data on a “one-time accounting charge” tied to the recent tax reform legislation.
