Reports Q2 revenue $5.92B vs. $5.99B last year. “U.S. Federal Housing is transforming Freddie Mac (FMCC), making it more efficient and effective, and improving productivity over time. We grew the business in the second quarter, with our mortgage portfolio ending at $3.6 trillion. Earnings for the quarter reflected that growth, as well as the reserve we added to manage our portfolio safely and soundly. The quarter’s $2.4 billion of earnings further enhanced our safety, taking Freddie Mac’s net worth to nearly $65 billion. Overall, the company served more than 360,000 homebuyers and renters in the quarter, with 53% of the homes and 95% of rental units affordable to low- and middle-class families,” said Chair William Pulte.
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