Relevant:
- Freddie Mac profit jumps; will pay U.S. Treasury $4.4 billion | Reuters
- Fannie, Freddie to Allow Some On-Time Borrowers to Exit Homes
- Freddie Mac posts $354M "Don't Worry, It's Just Derivatives" loss; Cuts Dividend; Won't Draw on Treasury
- Fannie Mae, Freddie Mac to repay U.S. sooner
- Freddie Mac Swings to Loss in Second Quarter, Seeks $1.5 Billion in Aid
2013-08-07 — huffingtonpost.com
``The return to profitability of both Freddie Mac and its larger sister-company, Fannie Mae , has largely occurred on the back of the continuing housing market recovery, marked by rising home prices and falling mortgage delinquencies.
Freddie Mac is required to pay everything above $3 billion to the Treasury in return for taxpayer aid under existing bailout terms. Combined, Freddie Mac and Fannie Mae have received $187.5 billion in assistance since they were seized amid losses on soured loans that pushed them toward insolvency.''
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