While the U.S. District Judge Jed Rakoff, who presided over the trial, will deliver the final determination regarding the amount of the civil penalty, the United States has asked for a judgement exceeding $848 million. That number represents the gross loss to Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) as calculated by the government. The net loss to the two entities is estimated at $131 million and Jed Rakoff could go that route as well, or somewhere in between when he delivers his penalty.