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Fannie Mae says long-term financial sustainability uncertain


    (Reuters) - Fannie Mae reported a net loss $13.1 billion on Monday and forecast weakness in the housing and mortgage markets to continue throughout 2010.

    Fannie Mae expects the level of multifamily defaults and serious delinquencies to increase further during 2010. The company also said there is uncertainty regarding future of business after conservatorship terminated and expect this uncertainty to continue.