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Boston Herald

Freddie Mac posts $4.6B net income for Q1

May 8, 2013

WASHINGTON ? Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market. The government-controlled company has now turned a profit in its past six quarters.

Freddie said Wednesday that it paid a dividend of $7 billion to the U.S. Treasury from its first-quarter earnings and requested no additional federal aid. The earnings compared with net income of $577 million in the first quarter of 2012.

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