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News Summary: Freddie posts $2.9B net income in Q3

Source : AP
Last Updated: Tue, Nov 06, 2012 18:15 hrs

: Mortgage giant Freddie Mac earned $2.9 billion from July through September, its fourth straight profitable quarter. The government-controlled company attributed the gain to rising home prices and fewer mortgage delinquencies.

PAYS DIVIDEND: Freddie said it paid a dividend of $1.8 billion to the U.S. Treasury and requested no additional federal aid.

BIG BAILOUT: Taxpayers have spent about $170 billion to rescue them, the costliest bailout of the 2008 financial crisis.


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