U.S. News

Summary Box: Fannie Mae seeks $8.4B after 1Q loss

LOSSES GROW: Fannie Mae posted a $13.1 billion loss in the January-March quarter, as losses from the housing market's historic bust continued to mount.

TAXPAYER TAB: The mortgage finance company requested $8.4 billion in federal aid, bringing the total bill for rescuing Fannie and sibling Freddie Mac to $145 billion, a number that's likely to keep growing.

HOUSING HELP: With the housing market still on shaky ground, Obama administration officials say it is too early to draft proposals to reform the two companies or the broader housing finance system.