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Freddie Mac Posts $8.6B Profit In 4Q

By DMO Affiliate
Mortgage giant Freddie Mac posted net income of $8.6 billion for the October through December period, its ninth straight profitable quarter. Freddie's fourth-quarter profit reported Thursday nearly doubled from earnings of $4.5 billion in the last three months of 2012. McLean, Va.-based Freddie Mac said it will pay a dividend of $10.4 billion to the U.S. Freddie already had repaid its full government bailout of $71.3 billion after paying its third-quarter dividend.
Freddie Mac Posts $8.6B Profit In 4Q

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