Federal Home Loan Mortgage : Freddie Mac Reports Net Income of $2.0 Billion for First Quarter 2023 - Form 8-K
Freddie Mac Reports Net Income of $2.0 Billion for First Quarter 2023 ... | May 3, 2023
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Freddie Mac Reports Net Income of $2.0 Billion for First Quarter 2023 ... | May 3, 2023
Freddie Mac, the McLean, Va.-based government-sponsored enterprise, today said net income increased 37% in the first quarter of 2022 from a year earlier, driven by higher net revenues and a credit reserve release in its Single-Family unit. Freddie Mac reported net income of $3.8 billion for the quarter, up 38% from the fourth quarter and up 37% from $2.8 billion in the first quarter of last year.
Basic and diluted 3,234 3,234 3,234 ... | October 29, 2021
Michael J. DeVito Freddie Mac is bringing Wells Fargo Home Lending veteran Michael J. DeVito out of retirement as its new CEO, starting June 1. At Wells Fargo, DeVito worked in loan origination, servicing, portfolio management, secondary marketing, and risk. At various points of his career, he headed up home lending production, servicing, default servicing, and loan workouts. He retired as head of Wells Fargo Home Lending in September after 23 years with the company. DeVito’s predecessor, David Brickman, notified Freddie Mac’s board of directors on Nov. 9 that he was stepping down, effect...