Freddie Mac reports $6 billion loss in second quarter
The Federal Home Loan Mortgage Corporation (Freddie Mac), a US government-sponsored enterprise, on Monday reported a loss of just over $6 billion for the second quarter of this year.
Freddie Mac also requested a further $1.8 billion in assistance from the US Treasury. Together with the Federal National Mortgage Association (Fannie Mae), Freddie Mac has received about $150 billion to date in assistance from the government.
The loss came against a background of persisting difficulty in the US
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