Freddie & Fannie Suffer Losses, Request Aid From Treasury

Posted by & filed under Stockton Real Estate.

On May 5th Housing Wire reported The Federal Housing Finance Agency had to request $10.6 billion from the Treasury Department to cover Freddie Mac’s $10.5 billion deficit. On May 11th  the Wall Street Journal reported Fannie Mae needs 8.4 billion. According to Freddie Mac, due to new accounting standards implemented in the first quarter of […]