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Freddie Mac Reports Q3 Loss of $475 Million

hamilton-zanze November 05, 2015

This week, Freddie Mac announced a Q3 loss of $475 million—its first quarterly loss in four years—due to interest rate changes lowering the value of its derivative holdings. According to the Director of the Federal Housing Finance Agency, this puts both Freddie Mac and Fannie Mae at risk of requiring an infusion of federal capital. Consequently, Freddie Mac will not make any payments to the U.S. Treasury this quarter, but will also not be forced to draw, relying instead on $1.8 billion in reserves. Fannie Mae is due to report Q3 results later this week.

Read more at Realtor.com

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