Freddie Mac second quarter net income declines to $1.7 billion

Freddie Mac’s financial results remained steady, as it reported net income of $1.7 billion for the second quarter of 2017. This is slightly down from the first quarter of 2017. Donald Layton, Freddie Mac CEO, commented on the stability of the GSE, saying, “Our continued very solid financial results and strong business fundamentals reflect the company’s transformation into a well-run commercial enterprise.”
Source: HousingWire Magazine