Salt Lake City, UT / September 1, 2007 / Perfect Home Living Press Release / --  As disappointing figures continue to spread across the financial sector, Freddie Mac released figures today that shows that the U.S. home mortgage lender is not immune. 

Today Freddie Mac reported a 45 percent plunge in second quarter profits as it was hit by a $320 million dollar loss on new mortgages. 

Some analysts believe that this signals further turmoil within Freddie Mac as the mortgage lender in June returned to quarterly reporting for the first time since the accounting scandal in 2003 that forced Freddie Mac to restate $5 billion in earnings. 

Freddie Mac's chairman and chief executive Richard Syron, said  "On the credit front we are seeing weakening, but we are well positioned relative to the overall marketplace to weather the ongoing disruptions in the mortgage markets and emerge as an even stronger player." 

Although the $320 million dollar loss Freddie Mac reported on new mortgages may seem to present yet another dark hour for the mortgage lending industry others remain confident that Freddie Mac will continue as an industry flagship for affording liquidity within the financial lending market so consumers can fulfill the dream of homeownership.    

"Freddie Mac is undoubtedly a proven  foundation for the housing industry and financial markets," says Sheri Fitzpatrick, CEO of Perfect Home Living.  "The shifting of fraud loans from one entity to the next is no bailout nor should it become the responsibility of third parties that were not involved in the origination process.  It would seem that the recent downturn of earnings for Freddie Mac will worsen if tighter regulatory controls aren't implemented during the loan origination process," Fitzpatrick added.  

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Perfect Home Living is a nationally recognized leader that assists in implementing programs and providing training and education to financial lenders , government entities, consumers and licensed professionals to red flags within today's  real estate market.   For more information or to request assistance please visit us online at:  http://www.PerfectHomeLiving.com