Freddie Mac lost $4.7 billion in the second quarter, an improvement from the prior period, but bad enough that the GSE is asking the Treasury for $1.8 billion in assistance to keep its net worth position in the black.

When dividend payments to Treasury are factored in, the company actually lost $6 billion. In 1Q10, it lost just shy of $8 billion, including dividend payments. In the second quarter of 2009 Freddie had red ink of $840 million.

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