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Lockhart: Fannie to Use Fresh Capital 'Profitably'
Topics:Mortgages | Housing | Real Estate | Consumers
Companies:Fannie Mae
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Financial markets expect Fannie Mae, the biggest provider of funding for U.S. home loans, can reverse losses by applying $6 billion in fresh capital toward profitable investments, the company's federal regulator told CNBC on Wednesday.
Fannie Mae [FNM
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"I think the marketplace thinks the money will be put forth profitably," James Lockhart, director of the Office of Federal Housing Enterprise Oversight, said in the CNBC interview.
Copyright 2009 Reuters. Click for restrictions.
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