Industry News

Freddie Mac loses $550 million in third quarter

Losses from interest-rate declines expected to continue into Q4
Published on Jan 5, 2007

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by CareyBot

Mortgage repurchaser Freddie Mac posted $550 million in losses in the third quarter, and expects to remain in the red during the fourth quarter, the company said today. The losses were attributed to a decline in long-term interest rates, which ...