Freddie Mac Loses $4.1B, Asks for a Bailout
admin2010-11-06T23:38:24-07:00November 6 2010 (Chris Moore) Freddie Mac reported this week that it sustained a net loss of $4.1 billion for the third quarter of 2010 has asked the Treasury Department for a draw of $100 million under the Senior Preferred Stock Purchase Agreement. The mortgage giant blamed the loss on a sagging U.S. housing market [...]