WASHINGTON–Freddie Mac has released its earnings report for the third quarter.
Among the performance metrics:
- $1.4-billion increase resulting from changes in interest rates during 3Q 2016 compared to 3Q 2015.
- $1.2-billion increase resulting from spreads tightening during 3Q 2016 compared to spreads widening during 3Q 2015.
- Total equity was $3.5 billion at Sept. 30, 2016. Because net worth was positive Freddie is not requesting a draw from Treasury under the Purchase Agreement for 3Q 2016. Following payment of its dividend obligation of $2.3 billion in December 2016, cumulative senior preferred stock dividend payments will total $101.4 billion.
Freddie announced that in December it will be making a $2.3-billion dividend payment to the U.S. Treasury, which controls its senior preferred stock.