WASHINGTON (AP) - May 12, 2009 The McLean, Va.-based company, seized by federal regulators in
September, posted a loss of $9.9 billion, or $3.14 per share, for
the quarter ending March 31. That compares with a loss of $149
million, or 66 cents a share, in the year-ago period.
The results were driven by $8.8 billion in credit losses due to
soaring delinquency rates and falling home prices, and $7.1 billion
in writedowns of the value of its mortgage-backed securities.
The request for federal aid is Freddie Mac's third since the
takeover, bringing its total up to more than $51 billion.
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