Fannie and Freddie Financials Coming Soon; LIHTC/Tax Credit Write Downs May Trigger Fed Cash Injection.

From Bloomberg story HERE:

"Fannie's writedown of its deferred tax assets, valued at $20.6 billion as of June 30, will potentially cut its book value in half and increases the likelihood the U.S. Treasury may need to pump cash into the mortgage-finance company. If McLean, Virginia-based Freddie follows suit as analysts expect, it would need to write down more than $18 billion, leaving it with a book value of negative $6 billion and triggering the Treasury aid. "

My earlier post on Fannie tax credit write downs is HERE.