Fannie Mae’s second-quarter loss narrowed significantly from the previous quarter, but still in the red, the GSE says it needs to draw another $ 5 billion from Treasury, bringing its tally of taxpayer-funded support to $ 104.8 billion since the company was placed into conservatorship. The company reported a net loss of $ 2.9 billion for the April-to-June period, compared to a net loss of $ 6.5 billion in the first quarter of the year. Fannie Mae acquired 53,697 REO homes through foreclosure over the three months ending in June.
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