(Bloomberg) — Fannie Mae and Freddie Mac, the biggest U.S. mortgage-finance companies, may report net losses through the first quarter of 2009 as home-loan delinquencies rise to the highest on record, analysts’ estimates show. “We see them continuing to lose money for the next several quarters,” said Orenbuch, the top-ranked analyst covering the companies, according to Institutional Investor magazine. He rates Fannie and Freddie “underperform.” “Their credit losses are still going to be stubbornly high and that’s only partially offset by the better revenues” for guaranteeing loans from default, he said in an interview. More
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