Freddie Mac, the government backed mortgage giant, just posted very strong earnings. Freddie pulled in 5 billion dollars last quarter, the second largest profit in its history. John Silvia is chief economist at Wells Fargo, explains why just a few years after coming to the brink of collapse, Freddie and Fannie are doing better than ever.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.