St Louis Mortgage Refinancing and Real Estate News –
News: 4th Quarter Losses Total $6.5 Billion for Freddie Mac
While financial losses in the billions would bankrupt even the most affluent of companies, the government-owned mortgage financing firm Freddie Mac has managed to stay afloat in short due to cash infusions costing taxpayers additional billions.
The near record loss of $6.5 billion (more…)
