Finance Info Blog Mortgage and Financial information

7Aug/130

Freddie Mac profit jumps, will pay another $4.4 billion to Treasury

WASHINGTON - Freddie Mac , the U.S.-owned mortgage finance company, on Wednesday said its second-quarter profit surged 65 percent to $5.0 billion, its second-largest ever, as rising home prices limited credit losses and it booked big gains on derivatives that benefited from rising interest rates.

reuters.com

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