The bottom line
U.S. mortgage giant Fannie Mae reported a worse-than-expected $2.3 billion loss and cut its dividend to 5 cents a share, from 25 cents a share.
U.S. mortgage giant Fannie Mae reported a worse-than-expected $2.3 billion loss and cut its dividend to 5 cents a share, from 25 cents a share. It was Fannie’s fourth-straight loss. (Bloomberg)
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