General World News

Freddie Mac reports net income of $2.5B in Q2 2022

Freddie Mac’s net income for the second quarter slipped to $2.5 billion, a 33% year-over-year decline, as it grapples with the mortgage sector’s vulnerability to fluctuations in interest rates.

Freddie Mac’s net income for the year so far has decreased to $6.3 billion compared to $6.4 billion in 2021. But while Freddie Mac’s net income was down from the $3.8 billion it made in the first quarter, the company has still brought in more revenue year-to-date compared to last year. Freddie Mac saw $11.3 billion in the first six months of 2022, compared with last year’s $11.1 details ⇒

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