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Fannie Mae loss widens to $28.99bn
under a rescue plan passed by congress in july, the us government gained the right to provide unlimited liquidity to the two companies and to buy theirm shares, to prevent them from collapsing .
together fannie mae and freddie mac own or guarantee almost half of all us home loans .
us mortgage finance firm fannie mae has reporanted a significant increase in third-quarter losses in the wake of the slowing housing sector .
Generated 2008-11-12_14:40
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