The Real Deal Miami

Fannie, Freddie may take hits from prime mortgage market

February 27, 2008 11:12AM

As Fannie Mae and Freddie Mac are expected to report their financial results today, analysts are predicting they will take losses from prime mortgages they have purchased. In December, 2.2 percent of all prime mortgages were at least 60 days in default, up from 1.5 percent a year earlier, and the highest number since 1998.