Industry News

Freddie Mac earnings down 60% in first half of year

Beleaguered mortgage giant's net income falls to $1.64 billion
Published on Sep 1, 2005

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by CareyBot

Freddie Mac’s earnings dropped nearly 60 percent in the first half of the year as the mortgage giant emerged from its accounting crisis, the mortgage giant reported Wednesday. The second-largest U.S. buyer of home mortgages reported that its net income ...