X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Freddie Mac posted a quarterly net loss of $4.7 billion and is asking the Treasury Department to inject another $1.8 billion, for a total of $63.1 billion in government aid since the crisis began. This time last year, Freddie Mac reported a net income of $302 million. This quarter’s loss is the eleventh out of the past 12 quarters. 

Fannie Mae also reported a net loss last week for its quarterly report: $1.2 billion, which was down from its net loss of $14.8 billion in the same period a year earlier. It was the smallest loss the GSE has had in three years. Fannie tapped the Treasury for $1.5 billion, bringing the government’s rescue tab to $86.1 billion. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.