REO

Freddie Posts Wide Loss, Looks to Treasury for Funding 

Freddie Mac [stock FRE][/stock] said Friday that a large quarterly loss drove the company’s net worth into negative territory and has forced it to request its initial funding from the $100 billion committed to the firm by the U.S. Treasury in September. The GSE reported a substantial third quarter net loss of $25.3 billion, or $19.44/share, compared to a net loss of $1.2 billion, or $2.07/share, in the year-ago period.