2 of 20
BACKNEXT
2. Freddie Mac
2. Freddie Mac
Fortune 500 rank: 54
2009 loss: $21.6 billion
You know it's bad when good news means turning a profit in just one quarter of the year. But that's what it means to be Freddie Mac these days.

Almost 4% of the housing lender's borrowers were in foreclosure or at least 90 days late on payments, and by the end of the 2009, Freddie and Fannie had together received more than $110 billion from Uncle Sam.

Freddie expects a further rise in foreclosures and has seen a jump in defaults not just on risky mortgages but on those once viewed as solid. The company has warned there can be "no assurances regarding when, or if, we will return to profitability."

NEXT: 3. American International Group

Last updated April 20 2010: 1:46 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Top 50 Wal-Mart knocks Exxon Mobil out of the No. 1 slot to rule the Fortune 500 again. Which other companies made the top 50 this year? More
They're hiring!These Fortune 100 employers have at least 200 openings each, totaling more than 60,000 jobs. What are they looking for in a new hire? More
20 most profitable Fortune 500 earnings soared, despite a seemingly feeble recovery. From Exxon Mobil to Goldman, here are the biggest winners. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.