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Freddie Mac Says It Will Pay $2 Billion to Taxpayers -- Maybe

  • FHFA says Watt hasn’t made any decision on dividend payment
  • Company reported second quarter net income of $1.66 billion
A Freddie Mac sign hangs behind employee John Estrada as he works in the borrower contact unit area at Freddie headquarters in McLean, Virginia, U.S., on Tuesday, April 8, 2014. Senator Sherrod Brown, an Ohio Democrat and a member of the Senate Banking Committee, said a bipartisan bill to replace Fannie Mae and Freddie Mac is too complicated and doesn't do enough to address too-big-to-fail concerns or provide assistance for affordable housing. The panel will consider the measure on April 29.
Photographer: Andrew Harrer/Bloomberg

Freddie Mac said it earned enough in the second quarter to send a $2 billion dividend to the U.S. Treasury, but the press release announcing the company’s financial results includes new language suggesting uncertainty as to whether the payment will be made as scheduled.

The mortgage-finance company on Tuesday reported net income of $1.66 billion for the period that ended June 30, up from $993 million in the same period a year earlier. Net interest income, including earnings from guaranteeing mortgages, stayed steady at $3.38 billion, Freddie said.