Feb
18
Freddie Mac to Send U.S. Treasury $1.7 Billion After Profit
By-
Mortgage firm had net income of $2.2 billion in fourth quarter
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CEO Layton says results boosted by growth in purchase volumes
Freddie Mac, the U.S.-controlled mortgage firm, will pay the Treasury Department $1.7 billion at the end of March after reporting net income of $2.2 billion for the fourth quarter.
The company, which was seized along with larger Fannie Mae during the 2008 financial crisis, will have returned $98.2 billion including the March payment, according to a regulatory filing Thursday…
Freddie Mac to Send U.S. Treasury $1.7 Billion After Profit
