1 hour, 21 minutes ago NEW YORK (Reuters) - Freddie Mac, the second-biggest provider of funding for U.S. residential mortgages, on Wednesday said its first-quarter loss widened slightly as its credit losses deepened.The McLean, Virginia-based company said it lost $151 million, or 66 cents per share in the quarter, compared with a $133 million, or 35 cents per share loss in the same period a year earlier. It is coming off a record $2.5 billion loss in the fourth quarter.
Wall Street analysts expected Freddie Mac to post a net loss of $1.57 per share in the first quarter, according to Reuters Estimates.
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