Tag Archives: Freddie Mac Posts $5 Billion Profit

Mortgage giant Freddie Mac reported a $5 billion net income for the second quarter of this year — the second-largest profit in its history — and says it will pay a dividend of $4.4 billion to the U.S. Treasury. So far, Freddie Mac has paid back $41 billion of what it owes to taxpayers. It still owes $30 billion more, and company officials say it hopes to continue paying that down this year.