A week after canceling its quarterly earnings results without explanation, Freddie Mac on Wednesday disclosed a net profit of $1.76 billion in the fourth quarter.

That figure was a sequential gain on the $1.3 billion in net income recorded in the third quarter of 2022, though it represented a 36% decline from a year prior.

Executives at the government sponsored enterprise primarily attributed the drop from last year to lower net revenues and a credit reserve build in its single-family business.

Net revenues for the fourth quarter totaled $4.8 details ⇒

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