Freddie Mac posts second-quarter profit on housing recovery
WASHINGTON (Reuters) - Freddie Mac (FMCC.OB: Quote, Profile, Research, Stock Buzz), the U.S.-owned mortgage finance company, on Wednesday posted a $5.0 billion second-quarter profit, the second-largest in the company's history.
Freddie Mac, which has operated under federal conservatorship since it was seized in 2008 during the financial crisis, said it will make a $4.4 billion dividend payment to the U.S. Treasury for its rescue aid.
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