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Freddie Mac will pay U.S. $746M on quarterly profit

Freddie Mac will send $746 million to the Treasury Department next month after reporting first-quarter net income of $524 million.

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Freddie Mac headquarters in McLean, Va. The U.S.-owned mortgage financier reported first-quarter net income of $524 million. (Frontpage/Shutterstock.com)

(Bloomberg) — Freddie Mac, the U.S.-owned mortgage financier, will send $746 million to the Treasury Department next month after reporting first-quarter net income of $524 million.

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