Fannie Mae Q2 Loss Narrows; Seeks $1.5 Bln Federal Support

Government-sponsored home mortgage finance company Fannie Mae reported a loss for the second quarter that narrowed from last year on lower credit related expenses, impairments and fair value losses. Further, the company said it has applied for additional $1.5 billion aid from the federal government and is dependent on the continued support of Treasury for operation of its business.