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IPFS News Link • Economy - Economics USA

Freddie Mac’s Big Loss Dims Hopes of Turnaround

8-6-2008 • NY Times

The gloom over the nation’s housing market deepened on Wednesday as Freddie Mac, the big mortgage finance company, reported a gaping quarterly loss and predicted that home prices would fall further than previously projected.

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Reported By Powell Gammill

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Freddie Mac’s Big Loss Dims Hopes of Turnaround

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