US mortgage giant Freddie Mac saw a loss of $9.9bn (£6.5bn) in the first three months of 2009 and said it would ask for a further $6.1bn in state aid.
The request for more federal help is the firm's third since it was taken over by regulators in September, taking its aid total to about $51bn.
Soaring levels of missed mortgage payments and falling home prices had led to soaring losses, it said.
Along with Fannie Mae, the firm holds more than half of US mortgages.
Defaults
In February, President Barack Obama doubled Treasury funding to Freddie Mac and Fannie Mae to $200bn each as part of his plan to tackle the housing crisis. - BBC Story
Funny how you haven't heard a whole lot about this here from our Media. But hey, across the pond, the BBC has it. Obama's team isn't doing much of a job running this financial institution.
Obama has sold the American People a whole lot of talk and not much substance, now we are starting to see the results of the Obama Plan, or lack there of on both counts.
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