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 . . .
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