Freddie Mac’s net income falls as it takes first step toward independence

Freddie Mac reported net income fell 37% in the third quarter, but things were still rosy for the nation’s second-biggest mortgage financier because it didn’t have to make the so-called “profit sweep” payment due at the end of the September. “In the third quarter, Freddie Mac took an important first step toward exiting conservatorship by […more]

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