Freddie Mac Posts Second-Largest Profit In The Company's HistoryVW Staff
Shares of Freddie Mac/ Federal Home Loan Mortgage Corp (OTCBB:FMCC) rose about 2% Wednesday morning after the federally controlled mortgage buyer reported near-record quarterly profits. The return to profitability of Freddie and Fannie/ Federal National Mortgage Association (OTCBB:FNMA) in the last two years has largely occurred on the back of a continuing housing market recovery, marked by rising home prices and falling mortgage delinquencies. U.S. home prices are rising at the fastest pace since . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible