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Freddie Seeks $31B in Aid After Posting Big Loss

By the Associated Press

Posted Mar 11, 2009 5:05 PM CDT

(AP) – Freddie Mac said today it will ask the government for nearly $31 billion in additional aid after posting a gargantuan loss of more than $50 billion last year as the US housing market worsened. The mortgage finance company posted a loss of $23.9 billion,... Read full story »

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Freddie Seeks $31B in Aid After Posting Big Loss

mortgage • Fannie Mae • credit crisis • housing crisis

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More Newser Stories

$26B Mortgage Settlement a 'Modest' Help: Experts

Many struggling homeowners not covered in deal

US Could See Record 1M Foreclosures in 2010

Numbers 'unprecedented'

Banks Yanking Homeowners' Last Hope: Short Sales

Healthier lenders no longer anxious to cut deals

All Options on Table in Fight to Halt Foreclosure

Obama considering moratorium, gov't-sponsored refinancing

Fannie-Freddie Merger: The Math Adds Up

As both companies plummet, combining them might make sense

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