- Writedown of Fannie Mae, Freddie Mac Preffered Stock - Washington Federal

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Washington Federal announces writedown of Fannie Mae, Freddie Mac Preferred Stock

September 19, 2008

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SEATTLE – Washington Federal, Inc. (Nasdaq: WFSL), the parent company of Washington Federal Savings, today announced that, as a result of a one-time writedown of its holdings in Fannie Mae and Freddie Mac Preferred Stock, the Company will report its first ever quarterly loss of approximately $39 million for the quarter ending September 30, 2008.

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