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UPDATE 1-Fannie Mae adds capital with $2 bln preferred stock
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Reuters
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May 13, 2008
(Reuters) - Fannie Mae (FNM.N: Quote, Profile, Research), the largest provider of financing for U.S. residential mortgages, on Tuesday said it sold $2 billion in preferred stock to bolster its capital position. After reporting a loss for the third consecutive quarter on May 6, the issue brings capit...
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