Freddie Mac Posted a $5bn Net Loss

" The industry buzzed this weekend over news of continued heavy losses at the government-sponsored enterprises (GSEs).Mortgage giant Freddie Mac (FRE: 1.23 0.00%) posted a $5bn net loss in Q309 at $10.4bn net worth as of September 30. Unlike sister GSE Fannie Mae (FNM: 1.04 0.00%), Freddie said it would not require additional Treasury Department funds through the senior preferred stock purchase agreement."