Freddie Mac joins Fannie Mae in needing federal funds because of accounting losses

(RECAP: Freddie Mac joined Fannie Mae Thursday morning in announcing that it would need funds from the Treasury thanks to accounting losses prompted by the new tax law. The bailed-out government-sponsored enterprise told investors that it lost $3.3 billion in the fourth quarter of 2017, driven by $5.4 billion in accounting losses due to the tax changes signed by President Trump in December. Because the losses exceeded the company’s net worth, it needs $312 million from the Treasury.)