Fannie Mae lost $1.52 billion third quarter

Fannie Mae posted a third quarter loss of $1.52 billion was double the loss from a year ago during the same quarter.

Last year, Fannie Mae, the nation’s largest source of mortgage financing, posted a loss of $760 million during the third quarter. This year they blame the increases losses on slumping home prices and the squeeze in credit markets.

You can read more about Fannie Mae’s losses at CNBC.