Industry NewsMortgage

Freddie Mac sees credit losses quadrupling in 2008

Losses will make buying jumbo loans a challenge
Published on Feb 28, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Freddie Mac lost $2.5 billion in the fourth quarter, forcing the company to cut dividends by 50 percent, issue $6 billion in preferred stock, and reduce the size of its loan portfolio to meet regulatory capital requirements.

Comments