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Freddie Mac set to pass along $4.7B to U.S. after Q3 results

Published 10/31/2017, 09:01 AM
© Reuters.  Freddie Mac set to pass along $4.7B to U.S. after Q3 results
FMCC
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  • Q3 comprehensive income of $4.65B compared to $1.986B in Q2, with Q3's result boosted by a $2.9B non-agency MBS settlement.
  • Credit loss provisions of $716M for the quarter vs. a benefit of $422M in Q2, and provisions of $603M in Q3 one year ago.
  • The company stands ready to pass along this quarter's income to the Treasury, but the FHFA and Treasury have been in discussions about letting the GSEs retain some earnings.
  • That $4.7B would bring OTCQB:FMCC's total dividends since 2008 to $114.8B.
  • Full earnings release
  • Previously: Freddie Mac reports Q3 results (Oct. 31)
  • Now read: Be Prepared For A Crash


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