Getting your player ready...
WASHINGTON — Mortgage finance company Fannie Mae said Monday that it likely needs up to $16 billion from the government as conditions in the U.S. housing market continue to deteriorate.
Fannie Mae’s disclosure that it expects an injection of $11 billion to $16 billion in taxpayer aid comes after sibling company Freddie Mac disclosed last week that it’s likely to require as much as $35 billion in federal support on top of the $13.8 billion it received last year.
