The $1.2 billion loss shown on the Financial statement of mortgage giant, Fannie Mae during the 2nd quarter is the smallest loss shown since the September of 2008! The quarter before showed a $11.8 billion loss! Although the financial condition of the government run company is improving, $1.5 billion in government assistance was still requested by the company. To date Fannie Mae has borrowed $85 billion from the Treasury Department at a hefty interest rate.