Hypothec giant Freddie Mac vainly struggles with crisis
Freddie Mac - the second-largest hypothec company of the USA - has informed on the losses, suffered already for the fifth quarter successively, because of write-off of taxable actives and deterioration in the habitation market.
In the third quarter of 2008 losses of the hypothec giant, sponsored by the state, have made $25,3 billion, or $19,44 per share, against losses before payment of taxes in $1,24 billion, or $2,07 on the action, year before.
On share Freddie Mac and Fannie Mae it is necessary more than half of all hypothec credits which are given out in the USA, for a total sum $5 bln.
- Ruble mortgage has ceased to rise in price
- Greate Britain: record-breaking low level of hypothec crediting
- USA: real estate becomes much cheaper
- The prices for houses in Spain grow more slowly than inflation rates
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