Fannie Mae wants $11 Billion more after showing a loss of $15 Billion.

1. Fannie Mae plans to tap $11000000000 ($ 11 Billion) in new government aid after posting another massive quarterly loss.

2. Fannie Mae's new request for $ 11 billion from the Treasury Department will bring the total for Fannie & Freddie to nearly $ 96 billion.

3. Together Washington D.C. based Fannie and McLean Virginia based Freddie Mac own or guarantee almost 31 million home loans worth about $ 5.4 trillion (About half of all US Mortgage).

4. Fannie Mae posted a second quarter loss of $15.2 Billion i.e. $2.67 per share including $411 million in dividend pay outs.

5. The results were driven by $18.8 billion in credit losses due to declining housing market conditions, made worse by rising unemployment. Nearly 4% of the loans Fannie Mae owns or guarantees were delinquent as of 30th June 2009.