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U.S. mortgage giant Freddie Mac reports loss in third quarter

Posted on 04 November 2010

From Xinhua: Leading U.S. mortgage company Freddie Mac on Wednesday posted a net loss of 4.1 billion dollars after a dividend payment of 1.6 billion dollars to the U.S. government for the quarter ended Sept. 30.
The government-supported enterprise said the third-quarter loss attributable to common stockholders worked out to 1.25 dollars a share. It compared with a loss of 6 billion dollars, or 1.85 dollars per diluted common share, for the second quarter of 2010……………………………………….Full Article: Source


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