Freddie Mac Reported First Profit Since 2006

March 1, 2013

For the first time since the disastrous financial crisis struck in 2007, Freddie Mac just reported an $11 billion annual profit for 2012 — its largest ever annual gain and first profitable year since 2006. Fannie Mae, which has not yet posted its annual results, reported $9.6 billion in profit during the first three quarters…

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