(PTI): US mortgage giant Freddie Mac says its third-quarter loss has stood at $5 billion due to a prolonged deterioration in the housing market. Freddie Mac, the second largest provider of US residential mortgage funding, says it posted a net loss of $5 billion and paid a dividend of $1.3 billion to the US
US mortgage giant Freddie Mac bears loss of $5 billion
Published in November 9th, 2009
Posted by The Business Time in Business
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