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Freddie Mac loses $6.3B in 3Q (AP)

FILE -  In this July 13, 2008 file photo, the Freddie Mac's corporate offices are seen in McLean, Va. Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal cash infusion. (AP Photo/Pablo Martinez Monsivais, FILE)AP - Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.





Freddie Mac posts $5 billion loss (Reuters)

A couple listens as a representative from Freddie Mac talks to them about a loan modification for their home at the National Urban League's Economic Empowerment Tour in Dallas, Texas June 13, 2009. REUTERS/Jessica RinaldiReuters - Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.





Obama signs bill assisting homebuyers, jobless (AP)

White House Press Secretary Robert Gibbs speaks during the daily briefing at the White House in Washington, Friday, Nov. 6, 2009. (AP Photo/Susan Walsh)AP - President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.





Wall St. trial summations hone in on "toast" email (Reuters)

Former Bear Stearns hedge-fund manager Ralph Cioffi (L) arrives with staff at court in Brooklyn in New York, November 5, 2009. REUTERS/Natalie BehringReuters - The trial of two former Bear Stearns hedge fund managers on fraud charges ended on Friday with sharp arguments over the meaning of the word "toast" in one defendant's email about the subprime mortgage market.





Earnings roundup: Freddie Mac, PriceSmart (AP) AP - Among the earnings stories for Friday, Nov. 6, from AP Financial News:


Defense asks jury to clear ex-hedge fund managers (AP) AP - Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market, a defense lawyer told a jury on Friday.


Obama to Sign Bill Extending Homebuyer Credit, Jobless Benefits (Bloomberg) Bloomberg - Nov. 6 (Bloomberg) -- President Barack Obama is set to sign into law a bill that extends $8,000 tax credits for first- time homebuyers and unemployment benefits.


Obama set to sign a big tax break for homebuyers (AP)

Real estate signs are seen in the front yards of houses in this file photo taken in Maricopa, Arizona in this May 27, 2009 file photo. The Obama administration on Monday launched a new program to aid state and local housing finance agencies in an effort to provide hundreds of thousands of affordable mortgages and develop or rehabilitate tens of thousands of rental properties. REUTERS/Joshua Lott/FilesAP - Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000.





Fannie Mae seeks $15 bln in US aid after 3Q loss (AP)

FILE- In this July 11, 2008 file photo, a sign in front of the Fannie Mae headquarters in Washington is seen. Seized by federal regulators 14 months ago, the problems at Fannie Mae and sibling company Freddie Mac have proven far worse than most experts had foreseen. Fannie Mae's request Thursday, Nov. 5, 2009, will bring the tab for rescuing both companies to about $111 billion. The government has promised up to $400 billion in assistance. (AP Photo/Manuel Balce Ceneta, File)AP - Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.





Fannie Mae seeks $15 bln in aid after loss (AFP)

The Fannie Mae headquarters in Washington, DC, 2008. US state-controlled mortgage lender Fannie Mae posted Thursday another multibillion-dollar quarterly loss and said it needed an additional 15 billion dollars in taxpayer funds.(AFP/File/Karen Bleier)AFP - US state-controlled mortgage lender Fannie Mae posted Thursday another multibillion-dollar quarterly loss and said it needed an additional 15 billion dollars in taxpayer funds.





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