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Freddie Mac Posts Q1 Gain Despite Pandemic Hit
Thursday, April 30, 2020
Freddie Mac eked out a positive comprehensive income
of $0.62 billion in the first quarter, $1.83 billion less than it posted in the
fourth quarter of 2019 and $1.04 billion below earnings a year earlier.
The company's CEO David M. Brickman said, "Freddie Mac's
first quarter was marked by unprecedented challenges to our country, our
business, and our markets - and I am very proud of how we have responded. We
are offering relief to millions of homeowners and renters, supporting our
customers in new and vital ways, and serving as a stabilizing force for the
housing finance system. Through these efforts, we are continuing to fully serve
our mission."
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