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.
