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News Link • Housing

Freddie Mac says needs another $1.8 billion from taxpayers

• Reuters

Mortgage finance giant Freddie Mac (FMCC.OB) on Monday said it would need another $1.8 billion in aid from taxpayers, bringing its total request since it was taken over by the government two years ago to more than $64 billion.

The second largest U.S. residential mortgage funds provider reported a loss of $6.0 billion, or $1.85 per diluted share, in the second quarter, including a $1.3 billion dividend payment to the government.


1 Comments in Response to

Comment by Lola Flores
Entered on:

Only $1.8 bil?


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