Freddie Mac Turns a Profit; Fannie Mae Loses Billions
May 9, 2011 (Chris Moore) Earnings for the two government owned mortgage companies, Freddie Mac and Fannie Mae, went in completely opposite directions in the first quarter of 2011 as Freddie Mac reported $676 million in net income and Fannie Mae lost $8.7 billion which triggered a request for $8.5 billion in additional financial aid. [...]