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11/23/07
Freddie Mac posts $2 bil loss, seeks capital
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 2:25 pm

WASHINGTON - The mortgage crisis intensified Tuesday as Freddie Mac, the nation’s No. 2 buyer and guarantor of home loans, posted its largest quarterly loss ever and warned that it might need to curtail its business unless it can raise fresh capital.  More…

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