California Home Mortgage

Freddie Mac reported today that its losses during 2009 were less than half of its huge shortfall in 2008. Net losses in 2009 totaled $21.6 billion on net interest income of $17.1 billion and total revenues of $14.3 billion. In 2008 the government sponsored enterprise lost $50.1 billion, on net interest income of $6.8 billion and total revenues of ($22.4) billion. However, after a dividend payment of $4.1 billion on its senior preferred stock held by the U.S. Treasury, the 2009 net loss attributed to stockholders was $25.7 billion or $7.89 per diluted common share. In 2008 the losses amounted to $34.60 per common diluted share. Freddie Mac also announced results of the fourth quarter of 2009 during which it lost $6.5 billion compared to ($5.4) billion in the third quarter. During the third quarter…(read more)

Freddie Mac reported today that its losses during 2009 were less than half of its huge shortfall in 2008. Net losses in 2009 totaled $21.6 billion on net interest income of $17.1 billion and total revenues of $14.3 billion. In 2008 the government sponsored enterprise lost $50.1 billion, on net interest income of $6.8 billion and total revenues of ($22.4) billion. However, after a dividend payment of $4.1 billion on its senior preferred stock held by the U.S. Treasury, the 2009 net loss attributed to stockholders was $25.7 billion or $7.89 per diluted common share. In 2008 the losses amounted to $34.60 per common diluted share. Freddie Mac also announced results of the fourth quarter of 2009 during which it lost $6.5 billion compared to ($5.4) billion in the third quarter. During the third quarter…(read more)

Freddie Mac reported today that its losses during 2009 were less than half of its huge shortfall in 2008. Net losses in 2009 totaled $21.6 billion on net interest income of $17.1 billion and total revenues of $14.3 billion. In 2008 the government sponsored enterprise lost $50.1 billion, on net interest income of $6.8 billion and total revenues of ($22.4) billion. However, after a dividend payment of $4.1 billion on its senior preferred stock held by the U.S. Treasury, the 2009 net loss attributed to stockholders was $25.7 billion or $7.89 per diluted common share. In 2008 the losses amounted to $34.60 per common diluted share. Freddie Mac also announced results of the fourth quarter of 2009 during which it lost $6.5 billion compared to ($5.4) billion in the third quarter. During the third quarter…(read more)