November 23, 2007

Freddie credit loss may surpass historic high (Reuters)

A man walks out of the headquarters of Freddie Mac in McLean, Virginia, June 12, 2003. Freddie Mac's credit losses may surpass its historic high, if the U.S. mortgage market deteriorates more than what is forecast by the No. 2 mortgage finance company, Moody's Investors Service said. (William Philpott/Reuters)Reuters – Freddie Mac’s credit losses may
surpass its historic high, if the U.S. mortgage market
deteriorates more than what is forecast by the No. 2 mortgage
finance company, Moody’s Investors Service said.

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