Freddie Mac Taps Credit Line for $6.1B

Freddie Mac (FRE Quote) said Wednesday it has tapped its government credit line for another $6.1 billion.

In a filing with the Securities and Exchange Commission, the mortgage financing giant said the Treasury Department provided the additional funds on June 30.

Freddie reported a $6.01 billion shortfall in assets vs. liabilities when announcing first-quarter results. Its capital request was rounded up to the nearest $100 million, bringing Freddie's debt to the federal government up to $51.7 billion. It still has$149.3 billion worth of credit to draw from.

That does not include $1 billion worth of preferred stock that Freddie issued to the Treasury as part of its initial aid package when the firm and its counterpart Fannie Mae (FNM Quote) were placed into government receivership last fall.