Industry News

Freddie Mac gives preliminary hurricane loss estimate

Katrina, Rita losses in $150-$300M range
Published on Oct 5, 2005

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by CareyBot

Mortgage giant Freddie Mac said Tuesday that its after-tax losses from Hurricanes Katrina and Rita to be recorded in the third quarter of 2005 are expected to be in a range of $150 million to $300 million. “Our primary concern ...