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Freddie Mac on Wednesday posted its fourth consecutive quarterly loss, set plans to slash its common stock dividend and warned of more difficulty ahead amid the steepest US housing market slump since the Great Depression.

US mortgage demand at 8-year low

Demand for US mortgage applications tumbled nearly 25 percent last week, with requests for loans to buy homes sinking to an eight-year low.

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Markets Responses

US stocks tumble 4% as bailout plan unveiled

Wall Street sinks as investors dump banks
World markets surge on recovery hope
Japan's exports suffer record plunge
European stocks slip; US futures fluctuate

Impact on China

FDI sees 4th monthly dive in row

Data mixed on China's road to recovery
Shanghai auto expo: showdown for global automakers
Wen: Stimulus package plan paying off
How far is China away from the crisis?