The recent loss was driven by $13.2 billion in hedged trades, $7.2 billion in credit losses from the declining housing market conditions and $7.5 billion in writedowns of the value of its mortgage-backed securities. The company also took a charge of $8.3 billion for now-worthless tax credits.”
Obama’s Mortgage Plan Already Benefits Freddie…
Filed under: Uncategorized , Barack Obama, Democrats, Economics, Economy, Finance, Freddie Mac, Homes, House, Jindal, Mortgage, News, Obama, Politics, Real Estate, Repubicans, Stocks
