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.


About Author

Monica C. Meinert is a senior editor at the ABA Banking Journal and VP for editorial strategy at the American Bankers Association, where she oversees ABA Daily Newsbytes.