Freddie Loses $4.4B in 3Q, Asks Treasury for $6B

The government controlled Freddie Mac posted a net loss of $4.4 billion in the third quarter, blaming the performance on higher credit costs, and declining interest rates, which impacted the fair value of its investment in derivatives.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_468/freddie-loses-billions-in-3q-1027277-1.html

Leave a Reply

WP2FB Auto Publish Powered By : XYZScripts.com
Bunk Beds