Sign On San Diego - "Fannie Mae, Freddie Mac still have huge financial problems, regulator says" (1-18-07)

"James B. Lockhart, director of the Office of Federal Housing Enterprise Oversight, also disclosed that Fannie Mae, which just last month announced a restatement of $6.3 billion in profit for 2001 through mid-2004, had a loss in the third quarter of 2006. He did not specify the amount of the loss."