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Freddie Mac reported third quarter net income of $1.7 billion, up from $1.5 billion for the second quarter of 2019. The government-sponsored enterprise’s comprehensive income of $1.8 billion was unchanged from the previous quarter.
“In the third quarter, Freddie Mac took an important first step toward exiting conservatorship by adding more than $1.8 billion to our total equity, bringing our capital reserve to $6.7 billion,” said Freddie Mac CEO David M. Brickman. “As we look to the future, we are squarely focused on serving our mission and meeting the milestones necessary to move the company forward.”
Fannie Mae will announce its third quarter financial report tomorrow.