Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Freddie Mac Won’t Seek U.S. Aid for First Time Since 2011

Freddie Mac said a strengthening housing market means it will not add to the debt it owes U.S. taxpayers for the first time since the first quarter of 2011.

Net income of $3 billion in the second quarter of 2012, even after a dividend payment to the Treasury of $1.8 billion, will allow the McLean, Virginia-based company to avoid additional help for now, it said today in a statement. Provisions for credit losses fell as the housing market improved, Freddie Mac said.

In previous quarters when Freddie Mac posted operating profits, dividend payments forced the company to seek aid from Treasury to balance its books. The company also did not require aid during the last three quarters in 2009.

Fannie Mae and Freddie Mac have taken almost $190 billion in U.S. assistance since they went into conservatorship after investments in risky loans pushed them to the brink of insolvency.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.