Calculated Risk Wed 2010-09-08 17:55 EDT
Freddie Mac: $4.7 billion Loss, REO Inventory increases 79% YoY
Freddie Mac reported: "a net loss of $4.7 billion for the quarter ended June 30, 2010, compared to a net loss of $6.7 billion for the quarter ended March 31, 2010." and the FHFA requested another $1.8 billion from Treasury...Freddie Mac reported that their REO inventory increased 79% year over year, from 34,699 in Q2 2009 to 62,178 in Q2 2010...
4; 7; Calculated Risk; Freddie Mac; losses; REO Inventory increases 79; YoY.