Los Angeles Business Journal

Freddie Mac Sees $5 Billion Profit

Wednesday, August 7, 2013

Freddie Mac reported a $5 billion profit during the second quarter, the second-largest quarterly profit in the company's history, the Wall Street Journal reports. The Associated Press looks at how homebuyers could feel the pinch if Congress follows through on plans to shut down Freddie and its sister mortgage guarantee giant, Fannie Mae.