Freddie Mac: No Need for Taxpayer Aid

Politics Reuters

Freddie Mac <FMCC.OB> reported a third-quarter profit on Tuesday and said it was not requesting additional funds from the U.S. Treasury to stay solvent.

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The government's second-largest mortgage funding entity said it had net earnings of $2.9 billion in the quarter ended September 30, compared with a $4.4 billion loss a year earlier.

 

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