Fannie’s big loss: Friday morning’s roundup

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-- Fannie whack: Fannie Mae reports a bigger-than-expected $2.3-billion loss and says mounting mortgage defaults mean more losses are on the way. The hemorrhaging, coupled with Freddie’s equally grim earnings report Wednesday, are ratcheting up talk of a taxpayer, er, government bailout.

-- Mozilo gone but not forgotten: The Times reports that regulators have stepped up their investigation of Countrywide Financial Corp. -- now part of Bank of America -- and are probing whether ex-CEO Angelo Mozilo violated insider-trading laws.

-- Saints and sinners: Fortune has a snappy photo gallery highlighting eight players who saw the credit crunch/mortgage mess coming and eight who didn’t. No big surprises -- Mr. Mozilo pops up on the ‘didn’t’ list -- but interesting viewing nonetheless.

-- Latest foreclosure stats: Mr. Mortgage at Implode-O-meter gets a jump on parsing July foreclosure data from for-profit foreclosure research outfit ForeclosureRadar, via Patrick.net.

-- Annette Haddad

Tips? Email annette.haddad@latimes.com