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

Freddie Mac Ends 2012 With Profit on Gains in U.S. Housing

Freddie Mac said rising home prices and falling mortgage delinquencies helped it post a profit for the fourth quarter and all of 2012, allowing it to avoid drawing more funds from U.S. taxpayers.

The U.S.-owned mortgage financier, based in McLean, Virginia, had net income of $4.5 billion for the three months ended Dec. 31 after accounting for a $5.8 billion dividend payment to the Treasury Department for the government stake, the company said today in a statement.

“It’s clear from our earnings that the housing market has turned a corner and that our work to minimize legacy losses and build a strong new book of business is paying off,” Freddie Mac Chief Executive Officer Donald Layton said in the statement.

For all of 2012, Freddie Mac reported net income of $11 billion, compared with a net loss of $5.3 billion in 2011.

Freddie Mac and Washington-based Fannie Mae have received almost $190 billion in U.S. assistance since they were taken into federal conservatorship in September 2008 amid losses on risky loans that pushed them to the brink of insolvency.

Freddie Mac has paid $23.8 billion in dividends, about a third of the amount it has taken in Treasury aid.

Starting this year, the two taxpayer-owned companies will cease paying 10 percent dividends to the Treasury and will instead pay any profits above a permitted capital reserve.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.