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Loan Modification

: Loan Modification & Home Loan News

Freddie Mac Reports $2.5 Billion Loss, Warns of Weak Housing Market

By Moe Bedard

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Freddie Mac reported a third-quarter net loss of $2.5 billion and asked the U.S. Treasury to provide a $100 million infusion, raising the government’s tab for its rescue of the mortgage-finance company to $63.2 billion. The third-quarter loss, the 12th in the last 13 quarters, compared with a year-earlier net loss of $5.4 billion. The [...]

Full post as published by Loan Modification & Home Loan News on November 03, 2010 (boomark / email).

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