Freddie Mac posts $475M loss in 3Q; no dividend payment

FILE - This July 13, 2008, file photo shows the Freddie Mac corporate office in McLean, Va. Freddie Mac reports quarterly financial results on Tuesday, Nov. 3, 2015. (AP Photo/Pablo Martinez Monsivais, File)WASHINGTON (AP) — Mortgage giant Freddie Mac reported a $475 million net loss for the third quarter due to losses it sustained on the investments it uses to hedge against swings in interest rates.

 

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