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Real Estate & Property Law

: Housing Wire

Despite Narrowed Losses, Freddie Needs $6.1 Billion

By DIANA GOLOBAY

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Mortgage giant Freddie Mac (FRE: 0.80 -6.98%) posted a $9.9bn net loss — or $3.14 per share — in Q109, from the $23.9bn net loss in Q408. The company’s refinance-loan purchase volume quadrupled since the previous quarter, but poor performance of securitized loans drove Freddie into a net worth deficit. During the quarter, Freddie purchased or [...]

Full post as published by Housing Wire on May 13, 2009 (boomark / email).

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