More housing units were financed by the Federal Home Loan Mortgage Corp. during the latest quarter. Earnings rose on a legal settlement.

During the three months that ended on Sept. 30, pre-tax income was $7.2 billion, according to Freddie Mac’s third-quarter earnings report.

Income at the McLean, Virginia-based secondary lender ascended from the same quarter last year, when $3.3 billion was earned.

Source: Mortgage Daily