- Freddie reported Q2 2016 earnings of $993M, down from Q2 2015 ($4.17B) but an increase from Q1 2016 (-$354M).
- Similar to Q1, Freddie’s earnings declines derived from interest-rate derivative losses ($2B in losses).
- Freddie will send a $933M dividend to Treasury since its net worth ($2.1B) is above its capital buffer ($1.2B); after the dividend, Freddie will have repaid $99.1B vs. $71.3B borrowed.
Freddie Mac Profit Declines on Rates – WSJ
(08/02/2016)
