text: Freddie Mac Cuts 2003 Profit  NEW YORK (Reuters) - Freddie Mac &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=FRE.N target=/stocks/quickinfo/fullquote"&gt;FRE.N&lt;/A&gt;, the  second-largest U.S. home financing company, on Friday revised  its 2003 net income downward by \$75 million to provide for a  reserve for legal expenses, according to its annual report.