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Thursday, February 24, 2011

Freddie Mac posts $1.7B loss for Q4

http://hosted.ap.org/dynamic/stories/U/US_EARNS_FREDDIE_MAC?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-02-24-16-27-33

WASHINGTON (AP) -- Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last year. But it has asked for an additional $500 million in federal aid - up from the $100 million it sought in the previous quarter.
Freddie Mac also posted a $19.8 billion loss for all of 2010.