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Archive Home > 2008 > May > 07 > Fannie Mae’s big loss cheered by investors

Fannie Mae’s big loss cheered by investors

By Charles Duhigg / The Bulletin
May 7, 2008

Fannie Mae, America’s largest buyer of home loans, gave investors little reason to cheer Tuesday, announcing a $2.57 billion quarterly loss and a dividend cut, and warning of steeper losses ahead.

But investors celebrated anyway, bidding up the stock 15 percent, to close at....

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