Fannie Mae Goes Begging After $25.2 Billion Loss

Fannie Mae asks government for $15.2 billion more as more home loans turn to dust and ash. Total losses in the fourth quarter are at $25.2B (just for reference, they lost $3.6 billion in 4Q 2007). Last month, borrowers were no longer making payments on at least $119.2B or 4% of Fannie’s loans.