Business and Capital Market Analysis !!!

(RTTNews) - Friday morning, Federal Home Loan Mortgage Corp., Freddie Mac (FRE: News ), reported $25.3 Bln loss in Q3. The huge loss for the quarter resulted in net worth turning negative by $13.8 billion, forcing the beleaguered company to seek emergency funding from the Treasury to restore the balance sheet.

For the nine-month period, the company reported net loss of $26.27 billion or $30.90 per share, compared to net loss of $642 million or $1.43 per share in the comparable period of last year.

Shares of FRE are currently trading at $0.67, down $0.06, or 8.22%, on a volume of 15.3 million shares.


Source :
1. Freddie Mac posts $25.3 Bln loss in Q3; to seek $13.8 bln from Treasury - Update 2, 11/14/2008 2:53 PM ET.