Freddie Mac to Pay Treasury $7 Billion on Quarterly Profit
This article is for subscribers only.
Freddie Mac, the U.S.-owned mortgage-finance company, will pay $7 billion to the Treasury Department after reporting the second-largest quarterly net income in the company’s history.
The government-sponsored enterprise, which has operated under federal conservatorship since it was seized in 2008, had net income of $4.6 billion for the three-month period that ended March 31, according to a statement released today as part of the McLean, Virginia-based company’s regulatory filing.