Freddie Mac (FRE -6.3%) asked for an extra $10.6B from the government after new accounting rules...

|About: Freddie Mac (FMCC)|By:, SA News Editor

Freddie Mac (FRE -6.3%) asked for an extra $10.6B from the government after new accounting rules gave the firm a net worth deficit of $10.5B. Q1 loss of $8B, including a $1.3B dividend payment to the Treasury. Freddie expects to need more aid in the future because the housing market is still fragile.