freddie mac records seventh consecutive profitable quarter
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Freddie Mac records seventh consecutive profitable quarter

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleFreddie Mac records seventh consecutive profitable quarter

Washington - XINHUA

U.S. mortgage giant Freddie Mac posted its seventh consecutive quarterly profit Wednesday, reflecting an improved housing market. The government-sponsored enterprise earned 5 billion dollars in the second quarter of 2013, the second largest in the company\'s history and up 400 million dollars from the previous quarter. The run of gains represents a major turnaround after it was put under conservatorship after the 2008 financial crisis. The company also said comprehensive income was 4.4 billion dollars in the second quarter, compared to 7 billion dollars in the first. Freddie Mac and its sibling company, Fannie Mae, benefited a lot from a U.S. housing recovery that began in early 2012, and that year both posted their first annual profits since 2006, driven by rising home prices, falling mortgage delinquencies and record-low mortgage rates. The two mortgage giants asked for 190 billion dollars in aid from the U.S. government after suffering heavy losses from the collapse of the subprime mortgage market. They own or guarantee about half of all mortgages in the United States, or nearly 31 million home loans. Along with other federal agencies, they backed nearly 90 percent of new mortgages over the past few years. As the housing market continued to strengthen, U.S. President Barack Obama outlined plans Tuesday to wind down Fannie Mae and Freddie Mac, allowing private capital to be the backbone of the housing market.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

freddie mac records seventh consecutive profitable quarter freddie mac records seventh consecutive profitable quarter

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 17:22 2012 Thursday ,22 November

Cosmetic brand Pixi unveils SS13 collection

GMT 09:53 2018 Monday ,22 January

Hindi Diwas celebrations at Bhavans Kuwait

GMT 08:06 2018 Wednesday ,17 January

Iran should listen to demands

GMT 12:50 2017 Tuesday ,25 July

Emotional Hosszu retains 200m IM world title

GMT 07:45 2018 Sunday ,07 January

Haggis accused of abusing four women

GMT 14:01 2015 Sunday ,04 January

Can you think your way to strength

GMT 09:02 2016 Thursday ,01 December

The woman who decides what wine presidents drink

GMT 06:21 2017 Thursday ,09 March

Actress Ghada Adel does not care of leading roles

GMT 08:52 2017 Wednesday ,25 October

Anne Frank photo whips up storm

GMT 16:52 2016 Thursday ,08 September

Clinton, Trump war of words escalates as race narrows

GMT 10:10 2015 Thursday ,24 December

Celebrity chefs create gourmet delights
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle