Freddie Mac (FMCC) said on Thursday it will soon send the U.S. Treasury a $10.4 billion dividend after posting a ninth straight quarterly profit, putting taxpayers further into the black on their bailout of the mortgage giant. When it makes the payment next month, Freddie Mac will have paid about $81.8 billion in dividends, more than the $71.3 billion it received from the Treasury when it was bailed out during the financial crisis. The nation's second-largest mortgage finance company earned a net income of $8.6 billion in the three months ended December 31, paving the way for the payment. Freddie Mac and sibling company Fannie Mae (FNMA) have operated under federal conservatorship since 2008.
via Business News - Yahoo Finance http://ift.tt/1pxOokC
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