Relevant:
- Fannie Mae Loses $1.2bn in Q210, Treasury Commitment Reaches $84.6bn
- Despite Narrowed Losses, Freddie Needs $6.1 Billion
- Treasury, FHFA Take Steps to Responsibly Wind Down GSEs
- Freddie Mac’s Losses Narrow in Q409
- Freddie Mac posts $354M "Don't Worry, It's Just Derivatives" loss; Cuts Dividend; Won't Draw on Treasury
2009-11-09 — housingwire.com
" The industry buzzed this weekend over news of continued heavy losses at the government-sponsored enterprises (GSEs).Mortgage giant Freddie Mac (FRE: 1.23 0.00%) posted a $5bn net loss in Q309 at $10.4bn net worth as of September 30. Unlike sister GSE Fannie Mae (FNM: 1.04 0.00%), Freddie said it would not require additional Treasury Department funds through the senior preferred stock purchase agreement."
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