November 27, 2007

Freddie Mac cuts dividend, slates $6 billion preferreds (Reuters)

The headquarters of Freddie Mac in McLean, Virginia, June 12, 2003. Freddie Mac, the second largest provider of financing for U.S. home loans, on Tuesday said it halved its quarterly dividend and will sell $6 billion in preferred stock to bolster capital in anticipation of mortgage-related losses. (William Philpott/Reuters)Reuters – Freddie Mac , the second
largest provider of financing for U.S. home loans, on Tuesday
said it halved its quarterly dividend and will sell $6 billion
in preferred stock to bolster capital in anticipation of
mortgage-related losses.

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