Freddie Mac Posts Quarterly Loss of $480M

March 22, 2007

Mortgage finance giant Freddie Mac, emerging from an accounting scandal, reported Friday it lost $480 million in the fourth quarter as a result of moves in interest rates that hurt its business of guaranteeing home loans.

*For more on this story,

read the full Associated Press article.

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Freddie Mac Posts Quarterly Loss of $480M

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