Signs of an improving housing market, Freddie Mac reports Q2 income of $3B, led by a $1.7B...

|About: Freddie Mac (FMCC)|By:, SA News Editor

Signs of an improving housing market, Freddie Mac reports Q2 income of $3B, led by a $1.7B quarterly decline in credlit loss provisions. The profit allowed the agency to make its $1.8B preferred dividend payment to Treasury without needing to take a draw from the Treasury. Wonderful. (PR)