WASHINGTON (AP) — Freddie Mac posted net income of $30.5 billion from July through September, its eighth straight profitable quarter. Freddie will have repaid its full government bailout after paying its third-quarter dividend.
Freddie said Thursday Its third-quarter profit was boosted by an accounting move that allowed the government-controlled mortgage giant to capitalize on tax benefits it had saved up from its losses on mortgages during the crisis.
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