Freddie Mac Rakes In Historic Profits For U.S. Treasury

As Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) posted its ninth straight quarterly profit, a whopping $10.4 billion dividend, one might think shareholders would be thrilled.  That would be normally be the case, except that the US government took control of Freddie Mac after the 2008 mortgage-led financial crisis and has been putting the profits in the US Treasury ever since. Freddie Mac posts largest annual profit in history Total earnings for the second-largest mortgage finance company were $48.7 billion in 2013, its highest annual profit in its history.  Its net income was $11 billion the previous year….