Mortgage giant Freddie Mac scrambles for cash after $2 billion loss
Story date: 2007-11-20 01:19:00
Added on: 2007-11-20 18:00:13
Seattle Times - Freddie Mac set aside $1.2 billion in the turbulent July-September period to account for bad home loans, which it said reflected "the significant deterioration of mortgage credit." Freddie Mac, like Fannie Mae, has traditionally funded the mortgage ...
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