UPDATE 1-Freddie Mac, Fannie Mae may write down $16 bln -CS

Story date: 2008-01-22 10:02:00
Added on: 2008-01-22 14:16:26

Reuters - Last: NEW YORK, Jan 22 (Reuters) - The largest U.S. housing finance companies, Freddie Mac and Fannie Mae, may report $16 billion in write-downs for the fourth quarter due to the falling value of their subprime mortgage investments, according to ...


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