Fannie Mae (FNM): Q3 EPS of -$13.00 vs. consensus of -$1.60. Takes $21.4B charge to establish a...

|About: Fannie Mae (FNMA)|By:, SA News Editor
Fannie Mae (FNM): Q3 EPS of -$13.00 vs. consensus of -$1.60. Takes $21.4B charge to establish a valuation allowance against deferred tax assets, and $9.2B in expenses arising from the ongoing deterioration in mortgage credit conditions and declining home prices. Shares +10.8%. (PR)