Personal Finance
AFP - The US government-controlled housing financer Freddie Mac reported its first quarterly profit in three and a half years Wednesday, after years of losses on its huge mortgage portfolio.
Personal Finance
Housing financer Freddie Mac returns to profit (AFP)
Freddie Mac reports 1st quarterly gain in 2 years (AP)
AP - Freddie Mac earned $676 million in the January-March quarter, the first time the bailed-out mortgage giant has reported a quarterly gain in nearly two years.
Freddie Mac loses $929 million (Reuters)
Reuters - Mortgage finance giant Freddie Mac on Wednesday said it lost just short of a billion dollars last quarter, though it did not ask taxpayers for more aid as the loss stemmed from interest payments to the government.
Deutsche Bank says hit by another US lawsuit (AFP)
AFP - German giant Deutsche Bank said Wednesday it had been hit by another lawsuit in the United States over property loans, a day after the US Justice Department sued it for $1 billion for mortgage fraud.
Connecticut House OKs budget, widespread tax hikes (Reuters)
Reuters - Connecticut's Democratic-led House of Representatives has approved a new $40.1 billion, two-year budget with widespread tax increases on personal income and goods ranging from cigarettes to luxury items.
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