WASHINGTON (Reuters) - Freddie Mac , the No. 2 provider of U.S. mortgage money, said on Thursday it will seek another $19 million in taxpayer aid after its quarterly profit failed to make up for a dividend payment to the government for its controlling stake.
The company has now drawn $72.3 billion from the U.S. Treasury since being seized by the government in 2008, and has returned $18.3 billion as the price for the taxpayer support.
It warned it was unlikely to generate enough profit to cover the dividend payments any time soon. The company's latest aid request compared to $146 million needed to stay afloat in the prior quarter.
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