It has been reported that the Federal National Mortgage Association requested an additional $8.4 billion in U. S. taxpayer support Monday to cover its first quarter net worth deficit.

It lost $11.5 billion in the first quarter, compared with a loss of $15.2 billion in the fourth of 2009, Fannie Mae said. Its most recent request for federal aid would bring its taxpayer bailout total to $84.6 billion, it further said.

For the quarter, Fannie May lost $2.29 per common share, or $13.1 billion, including $1.5 billion in dividends on preferred stock held by the U. S. Treasury Department.

Fannie Mae President and Chief Executive Officer Mike Williams said in a statement that it continued to press forward with the mission of providing access to home ownership, which has focused not only on providing liquidity to the mortgage market but also providing loan modifications "in our ongoing effort to keep people in their homes."

He further said, "Working with our lending partners, we completed 94,000 loan modifications in the quarter, more than half of which were conversions of trial modifications."

It purchased or guaranteed $191.4 billion in loans in the quarter, including $40 billion in delinquent loans, Fannie Mae added. (With Inputs from Agencies)