Freddie Mac Narrows Quarterly Loss
Freddie Mac late Friday reported its third-quarter net loss attributable to Freddie Mac narrowed to $5.01 billion from a loss of $25.3 billion in the same quarter a year earlier. After payment of $1.3 billion dividend on its senior preferred stock to the Treasury Department, Freddie Mac's net loss...
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Fannie Mae, "request the assistance of 15 billion dollars from the U.S....
By: mohammedd
Fannie Mae Foundation announced the U.S. giant mortgage finance plan to seek new financial support from the federal government U.S. $ 15 billion after it continued losses for the ninth consecutive quarter. Fannie Mae reported that its losses during the third quarter of this year hit 18.9 billion dollars against a loss of $ 14.8 billion dollars ...
22 days ago
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- News Source: Houston Chronicle | 18 days agoFreddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion...The McLean, Va.-based company has received about $51 billion since it was seized by...
- News Source: Fox News | 18 days agoFreddie Mac late Friday reported its third-quarter net loss attributable to Freddie Mac narrowed to $5.01 billion from a loss of $25.3 billion in the same quarter a year earlier. After payment of $1.3 billion dividend on its senior preferred stock to...
- News Source: Turks and Caicos Free Press | 18 days agoFreddie Mac ( FRE .N) (FRE.P), the second largest provider of U.S. residential mortgage funding, said on Friday it lost $5 billion in the third quarter and predicted it would require further support from the Treasury amid a "prolonged deterioration"...
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- Blog Source: www.sott.netBut the program also means that Fannie Mae and rival Freddie Mac, which guarantee a vast portion of U.S. mortgages, must extract the loans from securities and often recognize a loss. Serious" delinquencies 90 or more days past due, ...
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- Video Source: www.truveo.comFreddie Mac Tumbles on ...Video Source: www.truveo.comFreddie Mac Tumbles on Earnings-Oil Price Helps Stocks Move Ahead
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