Freddie Mac Loss

Freddie Mac has reported a $6.7 billion net loss for the first quarter, prompting the company's conservator, the Federal Housing Finance Agency, to request a $10.6 billion draw from the U.S. Treasury Department.

After dividend payments of $1.3 billion on its senior preferred stock to the Treasury, Freddie Mac reports a net loss attributable to common stockholders of $8 billion for the first quarter of 2010, compared to a net loss attributable to common stockholders of $7.8 billion the fourth quarter of 2009.