• Most Popular
  • Most Shared

Fannie Mae says its plans don't include Treasury access

NEW YORK
Fri Aug 8, 2008 11:28am EDT

NEW YORK (Reuters) - Fannie Mae said it does not have plans to tap the Treasury credit line that opened up for it in the housing bill signed into law last week by President Bush.

Stocks  |  Bonds  |  Global Markets

"None of the plans that we've advanced contemplate access to any Treasury line, we've not asked them and they have not offered," Daniel Mudd, chief executive officer of the largest U.S. home funding company, said on a conference call on Friday.

Earlier, the company reported a greater-than-expected loss in the second quarter, its fourth straight quarterly loss.

(Reporting by Lynn Adler, Editing by Chizu Nomiyama)
Stocks
Bonds
Global Markets


More from Reuters

Photo

U.S. probing if al Qaeda linked to airplane incident

WASHINGTON (Reuters) - The Obama administration said on Sunday it was investigating whether al Qaeda was involved in a Christmas Day attempt to blow up a passenger jet and sought to head off Republican attacks over its anti-terrorism measures. | Video

» More Top News
A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

U.S.
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets