Industry News

Freddie Mac losses threaten mortgage repurchasers’ role

Capital requirements could limit loan purchases, guarantees
Published on Nov 20, 2007

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by CareyBot

Higher provisions for losses on loans and write-downs on the value of derivative contracts pushed mortgage repurchaser Freddie Mac $2 billion into the red during the third quarter, company officials said today. Freddie Mac said it was forced to set ...

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