net worth sweep Fannie Mae Freddie Mac

Freddie Mac Posts Second-Largest Profit In The Company’s History

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 . . .

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