Freddie Mac on Wednesday reported a net loss of $4.1 billion, or $1.25 per diluted common share, for the third quarter of 2010, compared with a loss of $6 billion, or $1.85 per diluted common share, for the second quarter of 2010.
The Federal Housing Finance Agency, Freddie Mac's conservator, said it will ask Treasury for a draw of $100 million under the Senior Preferred Stock Purchase Agreement.
The company, which trades as a penny stock on the over-the-counter market as FMCC since the company was delisted from the NYSE in July, said the loss resulted from several factors, including a dividend payment of $1.6 billion to Treasury, which exceeded total comprehensive income of $1.4 billion.
