Posted on 11/03/2010 10:53:50 AM PDT by Nachum
NEW YORK - Freddie Mac, the second-largest provider of U.S. residential mortgage funding, on Wednesday said a faltering housing market resulted in a $4.1 billion third-quarter net loss and another draw from the Treasury to maintain positive net worth. Freddie Mac in a quarterly regulatory filing also warned it may face significant costs related to snags in the foreclosure processes at major loan-servicing companies. Freddie Mac's third-quarter loss included a $1.6 billion dividend payment on senior preferred stock purchased by the Treasury
(Excerpt) Read more at abcnews.go.com ...
The list, ping
Let me know if you would like to be on or off the ping list
can you say oversite hearings.
Bend over, America.
Send the bill to Bawny!
sfl
One could take a three week vacation in India for that kind of money.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.