Freddie Reports Rare Quarterly Loss, Another Expected, Thanks to Interest Rate Fluctuations, Market Valuations
January 11, 2007
Fluctuating interest rates combined with market value accounting to force Freddie Mac to report a rare loss during the third quarter, reflecting a trend likely to be repeated in the future. In a conference call with Wall Street analysts, Freddie Chairman and CEO Dick Syron indicated the government-sponsored enterprise could report a similar loss for...