Rantburg 2 weeks ago

Freddie Mac posts $5 billion loss

Freddie Mac (NYSE:FRE - News; NYSE:FRE - News), the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged... Full Article at Rantburg

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  1. NYSE
  2. Genworth Financial Inc
  3. Fannie Mae

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Browse More Photos

Daylife is the web's largest archive of news photos

  1. U.S. Federal Reserve Chairman Ben Bernanke (R) and former Treasury Secretary Henry Paulson testify at the House Financial Services Committee hearing on "Oversight of Implementation of the Emergency Economic Stabilization Act of 2008 and of Government Lending and Insurance Facilities; Impact on E...
  2. VIENNA, VA - APRIL 22: Eddy Azcarate, spokesman for the Fairfax County Police Department, briefs the media in front of the house of David Kellermann, Acting Chief Financial Officer and Senior Vice President of Freddie Mac, April 22, 2009 in Vienna, Virginia.
  3. WASHINGTON - MARCH 27: John Stumpf, (C) , CEO Wells Fargo, speaks while flanked by Robert Kelly (L), Chairman and CEO,of Bank of New York Mellon, Rick Waddell (2nd-L) CEO of Northern Trust, as John Kosinen (3rd-L), interim CEO of Freddie Mac, James Rohr (4th-R), CEO of PNC Bank, Ronald Logue (3r...
  4. WASHINGTON - DECEMBER 10: James Lockhart, Chairman and CEO of the Oversight Board of the Federal Housing Finance Agency, addresses a meeting of the Women in Housing and Finance organization December 10, 2008 in Washington, D.C. The board is the regulator of Fannie Mae, Freddie Mac and the 12 Fed...
  5. WASHINGTON - DECEMBER 09: Former Fannie Mae CEO Franklin Raines (R) is sworn in along with former Freddie Mac CEO Leland Brendsel (C) and former Fannie Mae CEO Daniel Mudd while testifying before the House Oversight and Government Reform Committee during a hearing on 'The Role of Fannie and Fred...
  6. SAN FRANCISCO - OCTOBER 20: (L-R) Freddie Mac CEO David Moffett, Fannie Mae President and CEO Herbert Allison and Federal Housing Finance Agency Director James Lockhart laugh during a panel discussion at the 2008 Mortgage Banker's Association Conference and Expo October 20, 2008 in San Francisco...
  7. Federal Housing Finance Agency Director James Lockhart speaks during a press conference with US Treasury Secretary Henry Paulson (not seen) on the bailout of mortgage giants Fannie Mae and Freddie Mac on September 7, 2008 in Washington, DC.
  8. US Federal Reserve Board Chairman Ben Bernanke testifies before the House Financial Services Committee hearing on monetary policy and the state of the US economy on July 16, 2008 on Capitol Hill in Washington, DC.
  9. WASHINGTON - JULY 15: Securities and Exchange Commission Chairman Christopher Cox testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill July 15, 2008 in Washington, DC.

Cast of Characters

  1. Bill Gross
  2. NYSE NYSE
  3. Genworth Financial Inc Genworth Financial Inc
  4. Fannie Mae Fannie Mae
  5. University of California, Los Angeles University of California, Los Angeles
  6. Morningstar, Inc.