Bankruptcy Law News
8/7/2008 12:44:52 PM EST
Freddie Mac swings to 2Q loss
NEW YORK – (AP) Freddie Mac on Wednesday posted a second-quarter loss that was more than three-times larger than Wall Street expected as a huge number of borrowers with good credit fell behind on their exotic and risky mortgages.
Stunned investors sent Freddie's stock down more than 19 percent to $6.49. Full version (available to lexis.com subscribers)
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