Freddie Mac earnings fall in Q2

By Dow Jones newswires

The company's credit-loss benefit was about $US600 million in the period, compared with a similar benefit a year ago. Freddie posted $US1. 9 billion in derivatives losses during the period, versus $US1. 36 billion in gains in the prior-year period.

Freddie posted net second-quarter earnings of $US1. 4 billion, compared with $US5 billion a year earlier.

Read more here: Business Spectator


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