Freddie Mac, the second-largest mortgage financier in the U.S., said Thursday that its net income in the fourth quarter rose 18% from the prior quarter to $2.9 billion as low rates continues to boost originations.
In total, the company’s net income at the end of 2020 was $7.3 billion, a 2% increase from 2019. Its net worth increased to $16.4 billion, from $9.1 billion at December 31, 2019.
“In 2020, Freddie Mac continued to serve the important role for which it was founded: supporting the housing market in all economic conditions,” said Chris Lown, Freddie Mac’s chief financial details ⇒
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