Shares of Freddie Mac (FRE.N) dropped more than 4 percent to $35.79 before the bell on Tuesday after the No. 2 U.S. home funding source posted a $2 billion third-quarter loss.
Freddie Mac also said it is seriously considering cutting its dividend by as much as 50 percent.
Shares of Fannie Mae (FNM.N), the No. 1 U.S. home funding source, also fell, shedding more than 3 percent to $36.33 before the bell.
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