Freddie Mac Will Pay U.S. $10.4 Billion on Quarterly Profit

Freddie Mac, the U.S.-owned mortgage financier, will return $10.4 billion to the Treasury Department next month, bringing total payments to about $10 billion above what it got in aid after the 2008 credit crisis.

The McLean, Virginia-based company had net income of $8.6 billion for the quarter ended Dec. 31 and a profit of $48.7 billion for all of 2013, according to a regulatory filing today, a profit largely driven by rising home prices. Freddie Mac, which was taken into federal conservatorship in 2008 along with larger rival Fannie Mae, earned $11 billion in 2012.