Freddie Mac Announces Q2 Results

Freddie Mac released its Q2 financial results on Tuesday, announcing $2.5 billion in net income and $2.4 billion in comprehensive income for the quarter. The GSE attributed the earnings to “strong business revenues,” which it reported at $334 million pre-tax, and “favorable litigation judgment,” referencing a final judgment of $264 million post-tax against Nomura Holding America, Inc.

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Source: DS News