Freddie Mac (FRE): Q1 EPS of -$3.14 vs. -$0.66 a year ago. Provision for credit losses $8.8B vs....

|About: Freddie Mac (FMCC)|By:, SA News Editor
Freddie Mac (FRE): Q1 EPS of -$3.14 vs. -$0.66 a year ago. Provision for credit losses $8.8B vs. $7B in Q4, reflecting "continued increases in the number of delinquent loans, delinquency rates and estimated severity of losses driven by ongoing deterioration of housing and credit market conditions." But says it sees "preliminary signs of slowing in home price declines as low mortgage rates and high affordability take hold." Shares +1.2% AH. (PR)