Housing: Freddie loses *another* $6.7B in Q1, asks Treasury for another 10.6B…

unbeLIEVable.

Our previous posts on FAN FRED HAMP and the EPIC FAILURE of Team Obama to address housing here. HOLC dammit. The housing double dip is right on track.

HousingWire:

Freddie Mac reported a $6.7bn Q110 net loss, widened from $6.5bn in the previous quarter.

The Federal Housing Finance Agency (FHFA), acting as Freddie’s conservator, requested $10.6bn in aid from the Treasury Department to cover the company’s $10.5bn net worth deficit. At the end of 2009, the company had a $4.4bn net worth…

May 5, 2010. Tags: , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, TARP, Unemployment Statistics.

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