Mortgage finance company Fannie Mae said Monday that it likely needs up to $16 billion from the government as conditions in the U.S. housing market continue to deteriorate.
Fannie Mae's disclosure that it expects an injection of $11 billion to $16 billion in taxpayer aid comes after sibling company Freddie Mac disclosed last week that it's likely to require as much as $35 billion in federal support on top of the $13.8 billion it received last year.
Fannie, which has yet to receive any government aid, said in a Securities and Exchange Commission filing that the actual amount needed "may differ materially from this estimate" because its …
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