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Exactly about Fannie Mae could face more losings

Exactly about Fannie Mae could face more losings

While 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 undoubtedly appears feasible following the mortgage that is government-sponsored announced plans Tuesday to bolster money by attempting to sell $7 billion of brand new stock and cut its dividend by 30%. In a declaration Tuesday regarding the money plan, Fannie Mae stated it encountered a selection of mortgage-related losings, including market losings in the securities it holds. (Leer más…)

Escrito por | 17 de junio de 2020 | 0 comentarios
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