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Freddie Mac Posts $227M Profit in 4Q; Paying $900M Dividend

Associated Press

Mortgage giant Freddie Mac posted net income of $227 million for the fourth quarter. The government-controlled company’s profit was down sharply from the same period of 2013, as it sustained losses on the investments it uses to hedge against swings in interest rates.

Nonetheless, the October-through-December results reported Thursday marked Freddie’s 13th straight profitable quarter.

Read the full article: Freddie Mac Posts $227M Profit in 4Q; Paying $900M Dividend