Freddie Mac to Pay U.S. $3.9 Billion After Quarterly Profit
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Freddie Mac, the U.S.-controlled mortgage firm, will send $3.9 billion to the Treasury Department next month after reporting second-quarter net income of $4.2 billion.
The new payment by Freddie Mac, which has been under conservatorship since 2008, will bring total returns to $96.5 billion, according to a statement released Tuesday by the McLean, Virginia-based company. The figure is far beyond what the company received in federal aid to stay afloat during the credit crisis.