Company

Freddie Mac

Description

The government-controlled mortgage servicer is now suffering from an embarrassment of riches. As the U.S. housing market improves and the economy stumbles toward recovery, Freddie Mac announced in late February that it earned a record-breaking $11 billion in profits for 2012. The year’s results marked an end to the company’s five-year losing streak. Now that Freddie is in the black, it has to up its payments to Uncle Sam for the $71.3 billion rescue package it received from the Treasury Department during the financial crisis. Under newly adopted rules, Freddie Mac will need to devote all of its profits to dividend payments to the government.



Headquarters

8200 Jones Branch Dr. McLean, VA. 22102 703-903-2000

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