– Freddie Mac generated $2.94 billion in net income in the second quarter, up 41% from the first quarter and 20% year-over-year.
– The strong results were primarily driven by increased credit losses, which were more than offset by higher interest income and lower operating expenses.

You can read this full article at: https://www.housingwire.com/articles/freddie-mac-profits-jump-to-2-9b-in-q2-2023/(subscription required)

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