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Editorial Results (free)
1. Freddie Mac Earns $5 Billion in Second Quarter
- Thursday, August 8, 2013
WASHINGTON (AP) – Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant.
The second-quarter gain reported Wednesday compares with net income of $3 billion in the same period of 2012. Freddie says its earnings were due largely to increased profits from investments made to hedge against rising interest rates. That helped offset losses on mortgages during the quarter.
2. Record Profit Signals Healthier Fannie Mae
- Friday, May 10, 2013
WASHINGTON (AP) – Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March quarter.
And it made clear it's on the cusp of repaying taxpayers for one of the most expensive bailouts of a single company in the financial crisis.
3. Freddie Mac Posts $2.9 Billion Net Income
- Wednesday, November 7, 2012
WASHINGTON (AP) – Mortgage giant Freddie Mac posted net income of $2.9 billion for the July-September quarter, its second straight profitable quarter.
The government-controlled company attributed the gain to rising home prices and fewer mortgage delinquencies.