Fannie loses $29 bln in third quarter

Special Report:Global Financial Crisis

NEW YORK, Nov. 10 (Chinese media) -- U.S. mortgage finance giant Fannie Mae on

Monday posted a record-high 29-billion-U.S. dollar loss in the third quarter of

this year.

The company's net worth fell to 9.4 billion dollars at the end of September

from 44.1 billion dollars at the end of last year.

If that number turns negative, Fannie Mae said it would have to tap the

government's 100-billion-dollar funding as early as next year.

Fannie Mae and Freddie Mac, which own or guarantee around half of U.S. home

loans, were seized by federal regulators in early September.

The U.S. government was to inject up to 100 billion dollars in each company

in exchange for ownership stakes of almost 80 percent.