Freddie Has 4th-Straight Loss as 2nd Quarter Charges Rise

Increase in foreclosures and associated fees, $1B writedown lead to $821M loss

By Jim O'Neill, Newser User

Posted Aug 6, 2008 7:15 AM CDT

(Newser) – Rising delinquencies and a still-skidding home market combined to make Freddie Mac’s second quarter losses three times worse than analysts predicted, reports Bloomberg. The government-backed mortgage enterprise lost $821 million, or $1.63, in the quarter, prompting it to also announce a third quarter... Read full story »

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Freddie Has 4th-Straight Loss as 2nd Quarter Charges Rise

Increase in foreclosures and associated fees, $1B writedown lead to $821M loss

corporate earnings • Freddie Mac • Fannie Mae • housing crisis • subprime crisis • financial crisis

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Fannie Misses Estimates, Slashes Dividend

Stock drops 12% in early trading

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Wall Street, banks, and government also at fault

Fannie, Freddie Will Stop Foreclosures Over Holidays

Some 16K affected by pause

Fannie-Freddie Merger: The Math Adds Up

As both companies plummet, combining them might make sense

Greenspan: Housing Will Hit Bottom in 2009

Skilled immigrants would help end slump, he says

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