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NEW YORK (AP) - Freddie Mac halved its dividend and unveiled plans to change $6 billion of preferred stock to reenforce the mortgage investor's finances in anticipation of more losses the said Tuesday. Freddie Mac which was chartered by Congress to buy home from mortgage lenders will sell $6 billion of a special class of stock. The money raised through this sale will be used to buttress the company's balance sheet 'in lighten of actual and anticipated losses,' Freddie said in a statement. The affiliate's come in also declared a dividend of 25 cents for the fourth quarter compared with a dividend of 50 cents in the third accommodate. The affiliate said it needed to slash the dividend to direct on to enough cash to maintain its flexibility and conform to regulators. In 2004. Freddie Mac agreed with its regulator the Office of Federal Housing Enterprise Oversight to keep a cushion of change handy to cover potential losses. Freddie Mac lost $2 billion in the third accommodate because it needed to squirrel away money preparing for borrowers missing payments on their mortgages. Also the affiliate's book of mortgage contracts lost substantial value during this year's credit turmoil. Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast rewritten or redistributed. You must log in to access this area of the site. If you are not a registered user to sign up for instant access! *ABCMoney co uk does not guarantee the accuracy of any overlap prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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NEW YORK (AP) - Freddie Mac halved its dividend and unveiled plans to sell $6 billion of preferred stock to reenforce the mortgage investor's finances in anticipation of more losses the said Tuesday. Freddie Mac which was chartered by Congress to buy domiciliate from mortgage lenders will sell $6 billion of a special class of have. The money raised through this sale will be used to buttress the affiliate's balance sheet 'in lighten of actual and anticipated losses,' Freddie said in a statement. The company's come in also declared a dividend of 25 cents for the fourth quarter compared with a dividend of 50 cents in the third quarter. The company said it needed to slash the dividend to hold on to enough cash to maintain its flexibility and satisfy regulators. In 2004. Freddie Mac agreed with its regulator the Office of Federal Housing Enterprise Oversight to act a modify of cash handy to cover potential losses. Freddie Mac lost $2 billion in the third accommodate because it needed to squirrel away money preparing for borrowers missing payments on their mortgages. Also the company's book of mortgage contracts lost substantial value during this year's credit turmoil. Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast rewritten or redistributed. You must log in to access this area of the site. If you are not a registered user to sign up for instant find! *ABCMoney co uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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NEW YORK (AP) - Freddie Mac halved its dividend and unveiled plans to change $6 billion of preferred stock to bolster the mortgage investor's finances in anticipation of more losses the said Tuesday. Freddie Mac which was chartered by Congress to buy home from mortgage lenders ordain sell $6 billion of a special class of stock. The money raised through this sale ordain be used to buttress the company's balance sheet 'in lighten of actual and anticipated losses,' Freddie said in a statement. The company's board also declared a dividend of 25 cents for the fourth quarter compared with a dividend of 50 cents in the third quarter. The company said it needed to slash the dividend to hold on to enough cash to maintain its flexibility and satisfy regulators. In 2004. Freddie Mac agreed with its regulator the Office of Federal Housing Enterprise Oversight to act a cushion of cash handy to cover potential losses. Freddie Mac lost $2 billion in the third quarter because it needed to squirrel away money preparing for borrowers missing payments on their mortgages. Also the company's book of mortgage contracts lost substantial value during this year's ascribe turmoil. procure 2007 Associated Press. All rights reserved. This material may not be published air rewritten or redistributed. You must log in to access this area of the site. If you are not a registered user to sign up for instant access! *ABCMoney co uk does not pledge the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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NEW YORK (AP) - Freddie Mac halved its dividend and unveiled plans to change $6 billion of preferred have to bolster the mortgage investor's finances in anticipation of more losses the said Tuesday. Freddie Mac which was chartered by Congress to buy home from mortgage lenders ordain sell $6 billion of a special class of have. The money raised through this sale will be used to buttress the company's balance pelt 'in light of actual and anticipated losses,' Freddie said in a statement. The company's board also declared a dividend of 25 cents for the fourth quarter compared with a dividend of 50 cents in the third quarter. The company said it needed to slash the dividend to hold on to enough cash to maintain its flexibility and satisfy regulators. In 2004. Freddie Mac agreed with its regulator the Office of Federal Housing Enterprise Oversight to keep a cushion of cash handy to cover potential losses. Freddie Mac lost $2 billion in the third accommodate because it needed to squirrel away money preparing for borrowers missing payments on their mortgages. Also the affiliate's book of mortgage contracts lost substantial value during this year's ascribe turmoil. procure 2007 Associated Press. All rights reserved. This material may not be published broadcast rewritten or redistributed. You must log in to access this area of the site. If you are not a registered user to sign up for instant access! *ABCMoney co uk does not pledge the accuracy of any share prices or stock quotations displayed. These are not real measure quotes; all are delayed by at least twenty minutes and are for information purposes only.

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NEW YORK (AP) - Freddie Mac halved its dividend and unveiled plans to sell $6 billion of preferred have to bolster the mortgage investor's finances in anticipation of more losses the said Tuesday. Freddie Mac which was chartered by Congress to buy domiciliate from mortgage lenders ordain sell $6 billion of a special class of stock. The money raised through this sale will be used to buttress the company's balance pelt 'in lighten of actual and anticipated losses,' Freddie said in a statement. The company's board also declared a dividend of 25 cents for the fourth quarter compared with a dividend of 50 cents in the third quarter. The company said it needed to cut the dividend to direct on to enough cash to maintain its flexibility and satisfy regulators. In 2004. Freddie Mac agreed with its regulator the Office of Federal Housing Enterprise Oversight to keep a cushion of cash handy to adjoin potential losses. Freddie Mac lost $2 billion in the third accommodate because it needed to squirrel away money preparing for borrowers missing payments on their mortgages. Also the affiliate's schedule of mortgage contracts lost substantial value during this year's ascribe turmoil. Copyright 2007 Associated touch. All rights reserved. This material may not be published broadcast rewritten or redistributed. You must log in to access this area of the site. If you are not a registered user to sign up for instant access! *ABCMoney co uk does not pledge the accuracy of any overlap prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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NEW YORK (AP) - Freddie Mac halved its dividend and unveiled plans to sell $6 billion of preferred stock to reenforce the mortgage investor's finances in anticipation of more losses the said Tuesday. Freddie Mac which was chartered by Congress to buy home from mortgage lenders will change $6 billion of a special class of stock. The money raised through this sale will be used to buttress the affiliate's fit pelt 'in light of actual and anticipated losses,' Freddie said in a statement. The affiliate's board also declared a dividend of 25 cents for the fourth accommodate compared with a dividend of 50 cents in the third quarter. The affiliate said it needed to cut the dividend to hold on to enough change to maintain its flexibility and conform to regulators. In 2004. Freddie Mac agreed with its regulator the Office of Federal Housing Enterprise Oversight to keep a cushion of cash handy to cover potential losses. Freddie Mac lost $2 billion in the third quarter because it needed to squirrel away money preparing for borrowers missing payments on their mortgages. Also the affiliate's book of mortgage contracts lost substantial determine during this year's credit turmoil. Copyright 2007 Associated Press. All rights reserved. This material may not be published air rewritten or redistributed. You must log in to find this area of the place. If you are not a registered user to sign up for instant access! *ABCMoney co uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real measure quotes; all are delayed by at least twenty minutes and are for information purposes only.

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NEW YORK (AP) - Freddie Mac halved its dividend and unveiled plans to sell $6 billion of preferred stock to reenforce the mortgage investor's finances in anticipation of more losses the said Tuesday. Freddie Mac which was chartered by Congress to buy home from mortgage lenders will sell $6 billion of a special class of have. The money raised through this sale will be used to buttress the company's balance sheet 'in light of actual and anticipated losses,' Freddie said in a statement. The affiliate's board also declared a dividend of 25 cents for the fourth quarter compared with a dividend of 50 cents in the third accommodate. The affiliate said it needed to slash the dividend to hold on to enough cash to maintain its flexibility and satisfy regulators. In 2004. Freddie Mac agreed with its regulator the Office of Federal Housing Enterprise Oversight to keep a cushion of cash handy to adjoin potential losses. Freddie Mac lost $2 billion in the third quarter because it needed to squirrel away money preparing for borrowers missing payments on their mortgages. Also the company's schedule of mortgage contracts lost substantial value during this year's credit turmoil. procure 2007 Associated Press. All rights reserved. This material may not be published broadcast rewritten or redistributed. You must log in to access this area of the site. If you are not a registered user to sign up for instant access! *ABCMoney co uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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NEW YORK (AP) - Freddie Mac halved its dividend and unveiled plans to sell $6 billion of preferred stock to bolster the mortgage investor's finances in anticipation of more losses the said Tuesday. Freddie Mac which was chartered by Congress to buy home from mortgage lenders will sell $6 billion of a special class of stock. The money raised through this sale ordain be used to buttress the company's balance pelt 'in light of actual and anticipated losses,' Freddie said in a statement. The affiliate's board also declared a dividend of 25 cents for the fourth quarter compared with a dividend of 50 cents in the third quarter. The company said it needed to cut the dividend to hold on to enough cash to maintain its flexibility and satisfy regulators. In 2004. Freddie Mac agreed with its regulator the Office of Federal Housing Enterprise Oversight to keep a cushion of cash handy to cover potential losses. Freddie Mac lost $2 billion in the third accommodate because it needed to squirrel away money preparing for borrowers missing payments on their mortgages. Also the affiliate's schedule of mortgage contracts lost substantial determine during this year's ascribe turmoil. procure 2007 Associated touch. All rights reserved. This material may not be published air rewritten or redistributed. You must log in to find this area of the site. If you are not a registered user to sign up for instant find! *ABCMoney co uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real measure quotes; all are delayed by at least twenty minutes and are for information purposes only.

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NEW YORK (AP) - Freddie Mac halved its dividend and unveiled plans to sell $6 billion of preferred have to reenforce the mortgage investor's finances in anticipation of more losses the said Tuesday. Freddie Mac which was chartered by Congress to buy home from mortgage lenders ordain change $6 billion of a special class of stock. The money raised through this sale ordain be used to buttress the company's balance sheet 'in light of actual and anticipated losses,' Freddie said in a statement. The company's board also declared a dividend of 25 cents for the fourth quarter compared with a dividend of 50 cents in the third quarter. The company said it needed to cut the dividend to direct on to enough cash to maintain its flexibility and satisfy regulators. In 2004. Freddie Mac agreed with its regulator the Office of Federal Housing Enterprise Oversight to act a cushion of cash handy to cover potential losses. Freddie Mac lost $2 billion in the third quarter because it needed to squirrel away money preparing for borrowers missing payments on their mortgages. Also the company's book of mortgage contracts lost substantial value during this year's credit turmoil. Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast rewritten or redistributed. You must log in to access this area of the site. If you are not a registered user to sign up for instant access! *ABCMoney co uk does not guarantee the accuracy of any overlap prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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