$151 Million Loss for Freddie Mac

The mortgage finance company Freddie Mac is under scrutiny regarding its ability to stand strong despite the conditions of the recent of the housing market. Even though a $151 million loss was still seen in the first quarter, or the equivalent of 66 cents a share, these results were actually better than expected. The company has changed its accounting practices, and in turn, has seen more fiscal success. The goal for Freddie Mac is to avoid a federal bail out, and even to raise $5.5 billion in new capital.

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