Banking
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Despite Narrowed Losses, Freddie Needs $6.1 Billion
May 13, 2009Mortgage giant Freddie Mac [stock FRE][/stock] posted a $9.9bn net loss — or $3.14 per share — in Q109, from the $23.9bn net loss in Q408. The company’s refinance-loan purchase volume quadrupled since the previous quarter, but poor performance of securitized loans drove Freddie into a net worth deficit.
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Firms Line Up to Invest in PPIP, Treasury Taps Managers
May 13, 2009 -
Realtors Urge Home Buyer Tax Credit Expansion
May 13, 2009 -
Mortgage Applications Down as Rates Rise
May 13, 2009 -
Compliance Software Reaches Small, Mid-Sized Lenders
May 12, 2009 -
Bernanke Aboard Stress Test Bandwagon
May 12, 2009 -
Chase Keeps Selective Warehouse Presence
May 12, 2009 -
Revised Early Cost Disclosures Finalized by Fed
May 11, 2009 -
After Stress Tests, Firms Look to Exit TARP
May 11, 2009 -
33rd Bank Failure Costs $108 Million; FDIC Named Receiver
May 11, 2009 -
Lend America Gets Autonomous with Hope
May 08, 2009 -
Mortgage Banker Sees Growth
May 08, 2009
