Mortgage financer Fannie Mae has requested for $10.7 billion aid from the Treasury to stay afloat after posting a loss of $14.8 billion for the second-quarter.

This is the third time when Washington-based Fannie Mae has approached the Treasury for financial assistance.

The company had posted a loss of $2.3 billion for the same quarter in the previous year. But the loss is down from $23.2 billion loss in the previous quarter.

Credit losses from the housing crisis are still to blame for the company's dismal results.

The value of non-performing loans on company's books soared to $171 billion in June, as compared to $144.9 billion in March.

However, the company reduced its provisions for the credit losses to $18.2 billion from $20.9 billion.

It may be noted here that Freddie Mac is the government-sponsored sibling of Fannie Mae.

The Obama administration is expected to unveil its plans for Fannie Mae and Freddie Mac early next year. Alternatives being thought include keeping the company private, merging them into a federal agency or detaching their bad mortgage assets into a new company.

The US government has pledged up to $400 billion in aid for the two companies as both the companies play a crucial role in the mortgage market.