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BRIEF-Freddie Mac Reports Q2 Net Income Of $2.5 Bln

BRIEF-Freddie Mac Reports Q2 Net Income Of $2.5 Bln

Reuters · 07/28/2022 08:26
BRIEF-Freddie Mac Reports Q2 Net Income Of $2.5 Bln

- Federal Home Loan Mortgage Corp FMCC:

  • FREDDIE MAC REPORTS NET INCOME OF $2.5 BILLION FOR SECOND QUARTER 2022

  • Q2 REVENUE FELL 8 PERCENT TO $5.4 BILLION

  • FREDDIE MAC - Q2 PROVISION FOR CREDIT LOSSES $0.3 BILLION, PRIMARILY DRIVEN BY PORTFOLIO GROWTH AND DETERIORATION IN FORECASTED ECONOMIC CONDITIONS

  • FREDDIE MAC - Q2 NET INTEREST INCOME $4,759 MILLION VERSUS $4,767 MILLION

Further company coverage: FMCC


((Reuters.Briefs@thomsonreuters.com;))