Industry News

Freddie Mac’s 2005 earnings down

Decline attributed to lawsuits, Katrina, accounting changes
Published on May 31, 2006

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by CareyBot

Mortgage giant Freddie Mac said Tuesday that profit fell to $2.1 billion, or $2.75 a share, in 2005, compared with $2.9 billion, or $3.94 a share, in 2004. The McLean, Va.-based government-sponsored enterprise said the decline was primarily caused by ...

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