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

Mark Melin

Published onFebruary 27, 2014

Updated on May 13, 2021

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...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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

Freddie Mac posts largest annual profit in history

Login required to continue reading.

Get Your Business News