Industry News

Freddie Mac says Q4 losses not related to subprime woes

GSE says it's poised to capitalize on turmoil in mortgage lending
Published on Mar 23, 2007

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by CareyBot

Mortgage repurchaser Freddie Mac reported a net loss of $480 million in the fourth quarter as it upped provisions for losses and saw the value of its investments decline because of a drop in long-term interest rates. In their annual ...