Industry News

Derivatives help put Freddie Mac $211 million in the red

Company resumes quarterly reporting after five years
Published on Jun 15, 2007

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by CareyBot

Mortgage repurchaser Freddie Mac reported a first-quarter loss of $211 million Thursday, which the company attributed primarily to losses on derivate investments it uses to hedge against changing interest rates. The loss amounted to 46 cents per share, compared with ...