Annual earnings, secondary lending activity and loans outstanding all increased in 2016 at the Federal Home Loan Mortgage Corp.

Last year, the McLean, Virginia-based organization earned $11.6 billion before income tax expense, up from $9.3 billion in 2015.

Freddie Mac presented the earnings data, along with other operational and financial metrics, in its fourth-quarter 2016 earnings report.

Source: Mortgage Daily