Industry News

Freddie Mac issuing $6 billion in stock to raise capital

Mortgage repurchaser bumping up against regulatory limits
Published on Nov 28, 2007

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by CareyBot

Freddie Mac will issue $6 billion in preferred stock and cut fourth-quarter dividends to shareholders in an effort to maintain mandatory capital surpluses, the mortgage repurchaser said Tuesday. The announcement came one week after the McLean, Va.-based mortgage repurchaser reported ...