- Obama military strategy too weak for future security, panel reports
- Sen. Tom Coburn vows to slow down budget-busting bills ahead of recess
- Obama fantasizes about more executive power, signs new order on federal contractors
- Clintons call Klein, Halper, Kessler ‘a Hat Trick of despicable actors’: report
- Boehner accuses Obama of ‘legacy of lawlessness’
- Pro-marijuana group claims responsibility for Brooklyn Bridge flag swap
- Young adults shun Obamacare mostly due to cost: survey
- Stabbing attack on transgender girl, 15, was ‘bias motivated,’ police say
- LGBT adults still lean overwhelmingly toward Democratic Party
- Lawmakers rattled by Syria genocide horrors, call on Obama to act
Freddie Mac posts $4B profit in 1Q
Question of the Day
WASHINGTON (AP) - Mortgage giant Freddie Mac posted net income of $4 billion for the January-through-March period, helped by a strengthening housing market. The government-controlled company has turned a profit in each of the past 10 quarters.
Freddie’s first-quarter profit reported Thursday compared with earnings of $4.6 billion in the first three months of 2013.
Net income was bolstered in the latest period by a decline in mortgage delinquencies, the company said.
McLean, Virginia-based Freddie said it will pay a dividend of $4.5 billion to the U.S. Treasury next month. Freddie already had repaid its full government bailout of $71.3 billion after paying its third-quarter 2013 dividend.
The government rescued Freddie and larger sibling Fannie Mae at the height of the financial crisis in September 2008. Together the companies received taxpayer aid totaling $187 billion.
TWT Video Picks
Both parties recognize the Democrats' scam
- Inside the Ring: Israel surprised by Hamas tunnel network
- Army's 3-D printed bombs to create 'a whole new universe' of lethal capabilities
- Chicken pox outbreak puts illegal immigrant facility on lockdown
- CRUZ: A tale of two hospitals: One in Israel, one in Gaza
- GOP leaders delay border bill, leave Obama in control
- Israel surprised by Hamas tunnel network
- Report: 40% of weapons sent to Afghanistan are unaccounted for
- CIA admits improperly hacking Senate computers in search of Bush-era information
- Colorado poll shows women tuning out Democrats' 'war on women' strategy
- 3 African leaders cancel trip to U.S. over Ebola outbreak; Obama still plans summit
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world