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Freddie Mac seeks $146 million in aid to stay solvent

    WASHINGTON (Reuters) - Freddie Mac requested $146 million from the Treasury in order help make interest payments on government funds used to keep the mortgage buyer afloat, the company said Friday.

    Although Freddie Mac reported $619 million in net income in the fourth quarter of 2011 as well as other income of $887 million, it was not enough to make the $1.7 billion dividend payment it was required to make to the government.

    Freddie Mac and sister company Fannie Mae were seized by the government at the height of the financial crisis and placed under conservatorship. Since then, Freddie Mac has had to seek $72.2 billion in federal aid in order to stay solvent.

    (Reporting By Rachelle Younglai; editing by Jeffrey Benkoe)

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