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Mortgages: Fannie and Freddie need help; Bailouts: AIG turns a profit; Financial crime: Fraud alleged at Integrity Bank; Publishing: Newsweek goes on the block; Autos: GM’s Whitacre shakes up marketing

Mortgages: Fannie and Freddie need help

Government-backed mortgage lenders Fannie Mae and Freddie Mac are looking for more federal help, said Annalyn Censky in CNNmoney.com. Fannie Mae this week asked the government for an $8.4 billion cash infusion to shore up its finances, after it lost $13.1 billion in the first quarter of 2010. Fannie Mae has already received $76.2 billion in federal aid. Last week, Freddie Mac, which during the financial meltdown received a $50.7 billion federal package, requested $10.6 billion to offset an $8 billion quarterly loss. Both companies, which support the mortgage market by buying loans from private lenders, suffered from an increase in delinquencies in the latest quarter.

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