Freddie Mac Profits Rose in the Fourth Quarter

Freddie Mac today reported a $2.15 billion profit for the fourth quarter of 2015, following a $475 million loss in the previous quarter. The increase in profit was largely attributed to fair value gains as a result of increased interest rates, as well as smaller losses on certain mortgage loans and mortgage-related securities.

Freddie made a total profit of $6.4 billion in 2015, down from nearly $7.7 billion the year prior. The overall decline was primarily driven by lower settlement income for non-agency mortgage-related securities litigation in 2015.

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Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.