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