Freddie Mac posts first quarterly gain in 2 years (AP)
WASHINGTON – Freddie Mac says it earned $676 million in the January-March quarter, the prototypal instance the bailed-out mortgage colossus has posted a quarterly acquire in nearly digit years.
The government-controlled consort is requesting no additional federal assistance after receiving $13 1000000000 over the time four quarters.
CEO physicist Haldeman attributes the net income to outlay savings but does not elaborate in the earnings report.
The polity saved McLean, Va.-based Freddie Mac and relation consort Fannie Mae from the bounds of unfortunate in Sept 2008. The polity estimates the bailouts module outlay taxpayers as such as $259 billion.
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