Dividends From Fannie and Freddie Surpass Aid
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Fannie Mae reported Friday that it lost $3.5 billion in the third quarter and that it would require an additional $2.5 billion from the Treasury Department to balance its books. Freddie Mac, the smaller of the two, said earlier this week that it lost $4.07 billion in the third quarter and that it would need an additional $100 million in aid from taxpayers.