Freddie Mac Net Drops 45% After Loss on New Mortgages
Story date: 2007-08-30 01:38:00
Added on: 2007-08-31 00:35:03
Wall Street Journal - Freddie Mac, the home-mortgage financier recovering from a massive accounting scandal, posted a 45% drop in second-quarter net income as it took a $320 million loss on new mortgages. Freddie Mac also predicted that third-quarter results would reflect ...
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