Freddie Earns $1.5B in 4Q But Must Pay Treasury $1.7B

Well, at last one of the GSEs is profitable — sort of. Freddie Mac posted net “comprehensive” earnings $1.5 billion in the fourth quarter, but must turn around and pay the U.S. Treasury a $1.7 billion dividend, which means it ultimately lost money during the period.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_555/freddie-mac-fourth-quarter-earnings-treasury-1029274-1.html

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