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Housing outlook darkens as Fannie Mae posts big losses
The housing picture worsens as Fannie Mae reports more than $2 billion in quarterly losses and forecasts a 7 to 9 percent drop in home prices for the year. Foreclosures accelerate, delinquencies rise, and consumer confidence sags amid higher food and fuel costs.
MENTIONED IN THIS ARTICLE
Washington, D.C
Fannie Mae
Daniel Mudd
Ysts Mudd
Fannie’s
Fannie
Federal Reserve
Ben Bernanke
Congress
Michael Gregory
BMO Capital Markets
Toronto
Gregory