Freddie Mac loses $151M in 1Q, but beats expectations (AP via Yahoo! News)
Story date: 2008-05-14 07:01:39
Added on: 2008-05-14 07:08:33
Mortgage finance company Freddie Mac said Wednesday its first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected. Its shares rose more than 8 percent.
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