Quantcast

Freddie Mac earns $5 billion in second quarter

WASHINGTON — Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant. The second-quarter gain reported Wednesday compares with net income of $3 billion in the same period of 2012. Freddie says its earnings were due largely to increased profits from investments made to hedge against rising interest ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*