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Freddie Mac Q1 Profit Down - Quick Facts

Freddie Mac (FMCC.OB) posted first quarter net income of $577 million versus $676 million last year.

Net interest income was down to $4.5 billion from $4.54 billion in the prior-year quarter. Non-interest loss was $1.52 billion versus a non-interest loss of $1.25 billion in the same quarter last year.

Provision for credit losses declined to $1.83 billion from $1.99 billion a year ago.

by RTT Staff Writer

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