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05/08/10
Freddie Mac Needs More Funding to Support Housing. Expects Prices to Fall Further
Filed under: General, Mortgages
Posted by: Lillian Wong @ 4:56 pm

Freddie Mac released its financial reports for the first quarter of 2010 showing a net loss of 6.7 billion and announced that its Conservator, the Federal Housing Finance Agency (FHFA), will be asking the Department of the Treasury for a draw of $10.6 billion under the Senior Preferred Stock Purchase Agreement.  more…


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