Freddie Mac Seeks $1.8 Billion in Aid After Loss
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Freddie Mac, the mortgage company operating under federal conservatorship, is seeking $1.8 billion in aid from the U.S. Treasury Department after a fourth straight quarterly loss.
The McLean, Virginia-based company lost $4.7 billion in the second quarter, compared with a gain of $768 million in the same period last year, it said today in a filing with the Securities and Exchange Commission.