Mortgage giant Fannie Mae has reported a net loss of $11.5 billion for the first quarter of 2010. The deficit has prompted the GSE to ask the Treasury for another $8.4 billion in federal funding.


Last week, Freddie Mac requested $10.6 billion from the Treasury after it too posted another quarterly loss.

According to Fannie Mae’s earnings announcement, after adding in $1.5 billion of dividend payments to the Treasury, the Washington, D.C.-based company’s total Q1 loss attributable to common shareholders was $13.1 billion, or $2.29 per diluted share.