Freddie Mac Announces Quarterly Loss, Does Not Require Additional Treasury Assistance CRS Insight

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division

Language:

English

Subjects (All):

Government corporations.

Expenditures, Public.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2015

Summary:

Examines Federal Home Loan Mortgage Corporation (Freddie Mac) Nov. 3, 2015, announcement of loss in comprehensive income for the third quarter of 2015, and explains causes of the loss and reasons Freddie Mac did not require Department of Treasury assistance. Reviews Treasury financial support to Freddie Mac and FNMA (Fannie Mae) as government sponsored enterprises (GSE) under conservatorship, and describes the Senior Preferred Stock Purchase Agreement under which GSE profits are paid to Department of Treasury. Outlines Congressional interest in GSE financial status

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2015). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Government Division. Freddie Mac Announces Quarterly Loss, Does Not Require Additional Treasury Assistance,

Publisher Number:

CRS-2015-GVF-0618

Access Restriction:

Restricted for use by site license