From Bloomberg yesterday:
Freddie Mac, the U.S. mortgage-finance company hobbled by record foreclosures, slashed its dividend at least 80 percent after posting a quarterly loss that was three times wider than analysts’ estimates.
From Bloomberg today:
Fannie Mae, the largest U.S. mortgage- finance company, cut its dividend [86*] percent after posting a loss that was more than three times analysts’ estimates and said the worst housing slump since the Great Depression is deepening.
It’s deja vu all over again (other than that little “deepening” reference).
UPDATE: Perahaps it wasn’t so easy for the Bloomberg copywriters this morning. The dividend cut for Fannie Mae has been changed from 80 to 86 percent.
∙ Fannie Mae Posts Fourth Straight Loss, Cuts Dividend [Bloomberg]
∙ QuickLinks: That Mischievous Little Freddie Is At It Again [SocketSite]