Freddie Mac posts $5 billion loss - FTA

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11-06-2009, 09:20 PM

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Freddie Mac posts $5 billion loss

NEW YORK (Reuters) - Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.

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