Freddie Mac Reports $2.2B Profit in Q1

Freddie Mac posted net income of $2.2 billion in the first quarter of 2017, reversing a loss from the first quarter of 2016. Earnings were driven by growth in the GSE’s loan guarantee business.

Freddie will send the $2.2 billion to the U.S. Treasury next month, bringing the total it has returned to taxpayers since being bailed out in 2008 to $108.2 billion.

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