Freddie Mac’s Q3 Losses Double From A Year Ago

03 Nov 2011

Freddie Mac recorded losses of $4.4 billion in the third quarter, more than double the $2.1 billion reported a year earlier.

Freddie Mac recorded losses of $4.4 billion in the third quarter, more than double the $2.1 billion reported a year earlier. The government-sponsored enterprise attributed the worse performance to derivatives losses, provisions for credit losses and lower net-interest income. The Federal Housing Finance Agency, its conservator, has asked ...

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