Freddie Mac losses threaten mortgage repurchasers' role 

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 aside $1.2 billion for credit losses and real estate-owned property expenses during the third quarter, compared with $112 million a year ago.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.