On Friday, Fannie Mae released its 2009 fourth quarter and year-end results, reflecting a net loss of $15.2 billion for the fourth quarter, compared to a net loss of $18.9 billion for the third quarter. Including $1.2 billion of dividends on the company's senior preferred stock held by the Treasury, the net loss attributable to common stockholders was $16.3 billion, or ($2.87) per diluted share, in the fourth quarter, compared with a net loss of $19.8 billion, or ($3.47) per diluted share, in the third quarter of 2009. On February 25, 2010, the Acting Director of the Federal Housing Finance Agency, Fannie Mae's conservator, submitted a request for $15.3 billion from Treasury on the company’s behalf. FHFA has requested that Treasury provide the funds on or prior to March 31, 2010.

Fannie Mae said that its fourth-quarter results "were driven primarily by credit expenses, which declined from the third quarter but remained at an elevated level, and [its] recognition of a $5.0 billion loss on ... low income housing tax credit investments." The loss for the full year was $72 billion, compared with a loss of $58.7 billion for 2008. Including $2.5 billion of dividends on senior preferred stock, the full-year net loss attributable to common stockholders was $74.4 billion, or ($13.11) per diluted share, compared with $59.8 billion, or ($24.04) per diluted share, for 2008.

Fannie Mae also reported that, during 2009, 200,339 loan workouts were completed and 333,300 trial modifications on Fannie Mae loans were initiated under the Home Affordable Modification Program. Fannie Mae also acquired or guaranteed approximately 2,484,000 loans that were refinancings, including approximately 329,000 loans refinanced through their Refi Plus initiatives, of which approximately 104,000 loans were refinanced under the Home Affordable Refinance Program.