Freddie Mac

Freddie Mac

News and info on Freddie Mac, the US home mortgage lender.

Fannie Mae is in more financial trouble:Fannie Mae, the federally controlled mortgage finance giant, said Thursday it lost $19 billion in the third quarter and had submitted a request to the Treasury Department for $15 billion in more aid to stay afloat.District-based Fannie Mae and its McLean sibling, Freddie Mac, were seized in early September 2008 by the federal government. Since then, Fannie Mae has lost $111 billion. The $15 billion in...  
From bubblemeter.blogspot.com ()
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