Freddie Posts Huge Profit

The government controlled Freddie Mac posted net ‘comprehensive’ income of $1.789 billion in the first quarter — but then had to turn around a pay the U.S. Treasury $1.8 billion in dividends, resulting in a small true loss for the quarter.

Article source: http://www.nationalmortgagenews.com/dailybriefing/freddie-mac-earnings-treasury-dividend-1030219-1.html

Leave a Reply

WP2FB Auto Publish Powered By : XYZScripts.com
Bunk Beds