Freddie Mac, the U.S.-owned mortgage- finance company, will pay $7 billion to the Treasury Department after reporting the second-largest quarterly net income in the company’s history.
The government-sponsored enterprise, which has operated under federal conservatorship since it was seized in 2008, had net income of $4.6 billion for the three-month period that ended March 31, according to a statement released Wednesday as part of the McLean, Virginia-based company’s regulatory filing.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
