The mortgage heavyweights are continuing to return cash to taxpayers, buoyed partly by the recovering housing market.
Shares sell off as much as 14% following bad news on loans.
The CFO says the company is still finalizing its regulatory cost estimate, but now investors see a big, fat number.
US markets are set to start the session unchanged as investors digest some key earnings results and await consumer sentiment data.
Once a casualty of the mortgage meltdown, Fannie Mae is now solidly profitable. But its future is in the hands of Congress.
The shares of both bailed-out mortgage giants were up considerably in trading Wednesday, a day after both popped over 30%.
The deal with Fannie Mae will wipe out nearly all of the bank's fourth-quarter profit.
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For years, Todd Mills pushed Frito-Lay to make taco shells from Doritos. He died from a brain tumor on Thanksgiving.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Which store penalizes you for too many returns? And which one will let you retroactively apply coupons?
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.