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Home » Store » Taxable » Freddie Reports Lower Profits, Higher Volatility

Freddie Reports Lower Profits, Higher Volatility

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After a year-and-a-half hiatus caused by faulty accounting practices, Freddie Mac went back on the record this week by officially announcing that its net profits dropped 51 percent last year. The company published its financial report for 2003 today after being forced last year to recalculate its income for 2000, 2001, and 2002. The 2003 numbers, which were released June 30, showed that Freddie posted net income of $4.9 billion for 2003. Although this
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