Profitable Again: Freddie Mac Posts $1.2 Billion Net Income in 2nd Quarter
Aug 7th 2012 3:00PM
By Marcy Gordon WASHINGTON -- Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn't requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 after massive losses on risky mortgages... Continue Reading »
