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Freddie Finances Fewer Housing Units in 2017

Annual count drops 110,000

Feb. 15, 2018

By Mortgage Daily staff



The Federal Home Loan Mortgage Corp. provided financing for 110,000 fewer housing units last year than it did in 2016. Quarterly earnings deteriorated.

For the quarter ended Dec. 31, 2017, income before income tax expense came to $3.8 billion, according to Freddie Mac's fourth-quarter earnings data.

Income sank from a $7.4 billion profit during the final-three months of 2016 and also deteriorated from $7.2 billion the previous three-month period.


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