Freddie Mac is looking for $1.5 billion in aid from the U.S. Department of Treasury to remove net-worth deficit from the second quarter ended June 30, Bloomberg reports. The government sponsored enterprise has incurred losses worth $2.1 billion in the second quarter.
The loss is partially due to a $1.6 billion quarterly dividend payment to the Treasury. The mortgage finance firm has already received $66.2 billion in Treasury aid and has paid $13.2 billion to the agency as dividends since 2008.
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