Freddie Mac Loss Widens

Freddie Mac posted yet another loss in its third quarter of $4.4 billion. This will be its worst quarterly loss in over a year. This loss indicates how poorly the housing market continues to remain. Losses at Freddie Mac had been easing over the past year. Freddie Mac had been returning more money that it had been borrowing in the previous four quarters. Freddie and Fannie are now selling properties they have acquired through foreclosure, and as home prices they will continue to take bigger losses those sales. To find out more on the recent losses of Freddie Mac here is the article: http://online.wsj.com/article/SB10001424052970203716204577015720867838672.html?mod=WSJ_hp_LEFTWhatsNewsCollection