Freddie Mac Reports Loss, Seeks $500 Million in Aid
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Freddie Mac, the mortgage-finance company operating under federal conservatorship, will seek $500 million in U.S. funds after the quarterly dividend payment on the Treasury Department’s stake exceeded fourth-quarter income.
The government-owned company reported a $113 million loss for the three-month period that ended Dec. 31, Freddie Mac said today in a filing with the U.S. Securities and Exchange Commission. That compared with a $6.5 billion loss for the same period a year earlier.