Fannie Mae, the mortgage-finance company taken over by the government, asked the US Treasury for a $10.7bn capital investment as an eighth straight quarterly loss drove its net worth below zero once again.

A second-quarter net loss of $14.8bn, or $2.67 a share, pushed the company to request money for the third time from a $200bn government lifeline, Washington-based Fannie Mae said in a filing today with the Securities and Exchange Commission.

bloomberg.com