Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
02-17-2017, 09:38 PM #1
Freddie Mac to pay Treasury $4.5 BILLION after profit doubles
Freddie Mac to pay Treasury $4.5B after profit doubles
Originally published February 16, 2017 at 8:19 am Updated February 16, 2017 at 9:30 am
FILE – In this Tuesday, June 9, 2015, file photo, a “Sold” sign is displayed in the yard of a newly-constructed home in the Briar Chapel community in Chapel Hill, N.C. On Thursday, Feb. 16, 2017, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Gerry Broome, File)
The Associated PressNEW YORK (AP) — Freddie Mac said Thursday that it will pay the U.S. Treasury a dividend of $4.5 billion next month after its profit more than doubled in the last quarter.
The government-controlled mortgage company has paid the Treasury more than $101 billion in dividends since receiving $71.3 billion in bailouts from the government between 2008 and 2012.
Freddie Mac buys mortgages from lenders, packages them into bonds, guarantees them against default and sells them to investors. It does not make loans to homebuyers directly.
The McLean, Virginia, company reported net income of $4.85 billion in its fourth quarter, compared with $2.16 billion in the same period a year before.
For 2016, it reported net income of $7.82 billion, up from $6.38 billion in 2015.
Fannie Mae, another government-controlled mortgage company, will report its fourth-quarter results on Friday.
http://www.seattletimes.com/business...rofit-doubles/
NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
Similar Threads
-
Fannie Mae And Freddie Mac Sending Treasury $10.2 BILLION First Quarter Profits
By JohnDoe2 in forum Other Topics News and IssuesReplies: 0Last Post: 05-09-2014, 07:04 PM -
Freddie Mac profit jumps; will pay U.S. Treasury $4.4 BILLION
By JohnDoe2 in forum Other Topics News and IssuesReplies: 1Last Post: 08-08-2013, 03:01 PM -
Freddie Mac Posts $4.6 BILLION Profit
By JohnDoe2 in forum Other Topics News and IssuesReplies: 1Last Post: 05-14-2013, 05:45 PM -
BHP profit more than doubles to $12.7 BILLION
By JohnDoe2 in forum Other Topics News and IssuesReplies: 0Last Post: 08-25-2010, 04:24 PM -
Fannie, Freddie may tap U.S. Treasury for $51 billion
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 0Last Post: 01-28-2009, 01:46 AM
Number of American teens being arrested for HUMAN SMUGGLING on...
04-19-2024, 10:20 PM in General Discussion