The federally chartered but privately owned mortgage finance firm, formally known as Federal Home Loan Mortgage Corp, has paid back the U.S. government and then some since its bailout following the 2008 housing crisis. Freddie Mac was effectively nationalized in 2012 along with Fannie Mae, and has since returned 100% of its profits each year to the U.S. Treasury. (It remains in conservatorship.) Treasury Secretary Steven Mnuchin says it’s time to remove the firms from government control, although a specific path forward is still unclear. Freddie Mac’s revenues grew more than 13% in 2017.
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News about Freddie Mac
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They all at least doubled, and some even quadrupled.
His comments sent shares of Fannie and Freddie to their highest levels since September 2014.