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Accounting changes help Freddie Mac 1Q beat views (AP)




In this Nov. 29, 2007 file photo, Richard Syron, chairman and CEO of Freddie Mac, talks about the sub-prime lending crisis and its effect on the housing market in Boston. Mortgage finance company Freddie Mac's first quarter loss widened to $151 million Wednesday, May 14, 2008, as the U.S. housing market worsened, though the results were not as poor as expected. (AP Photo/Stephan Savoia, file)AP - Freddie Mac beat Wall Street's expectations in the first quarter, but the mortgage finance company didn't vanquish concerns about its ability to weather the housing bust.





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