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Post# of 796414
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Wise Man

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Wise Man

Re: None

Thursday, 04/30/2020 10:27:05 AM

Thursday, April 30, 2020 10:27:05 AM

Post# of 796414
Freddie Mac set aside a $1.2 billion provision for future losses during the quarter to a total of $6.4 billion (Allowance for Loan Losses account). It's for future losses and not due to the forbearance. $1.2 billion isn't a large amount, so it's good news.

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