Freddie Mac loses 929 million (Reuters)

WASHINGTON - mortgage finance giant Freddie Mac (WMAC.)(OB) said Wednesday it lost just below$ 1 billion in the last quarter, although he did not ask taxpayers for more aid that the loss arose out of payments of interest to the Government.

The second provider of funds for residential mortgages U.S. reported net loss attributable to common shareholders of 929 million in the first quarter, including a payment of 1.6 billion dollars to the Government. Without the payment of interest, Freddie Mac has won approximately 676 million in the first three months of the year.

It is the first period of three months since the second quarter of 2009 that the firm reported a positive net income, excluding the payment of interest, and stems of higher quality loans made in recent years.

The loss of the first quarter, including the payment of interest, represents approximately $0.29 per share.

Its sister company Fannie Mae (FNMA) and Freddie Mac(OB) took more than 150 billion dollars in taxpayer aid since they were seized by the Government at the end of 2008.

Repayments of interest to the Treasury by the two companies have reduced their net taxpayer assistance to slightly more than 134 billion.

Freddie Mac said that these interest payments would be more and more to drive any need for future taxpayer assistance.

A asked if the Government should rethink its requirement that he should have to pay interest of 10 per cent on its public aid, Freddie Mac financial director Ross Kari told Reuters that it is the cost of doing business.

"What we think little matter," said Kari. Companies are effectively controlled by the Federal Agency of real estate financing.

U.S. then Secretary of the Treasury Henry Paulson took control of Fannie Mae and of Freddie Mac to the financial crisis in September 2008 as losses mounted loans mortgages gone bad.

The plan to put in even was supposed to be temporary, even if it is likely to be years before a long term replacement structure takes shape.

Both companies and Federal Housing Authority back almost nine out of ten new mortgages now as mortgage financing depleted in the wake of the financial crisis.

Provide housing Freddie Mac returns to profit (AFP)

WASHINGTON (AFP) - the financer of housing controlled by the Government of U.S. Freddie Mac reported its first quarterly profit in three years and a half years on Wednesday, after years of losses on its huge portfolio of mortgage loans.

To the rescue of the huge costs for the Government during the crisis of the past three years, Freddie Mac reported housing 676 million in net income for the period until March 31, compared to a loss of $ 6.7 billion a year more t?tet a deficit of 113 million dollars in the quarter to the 31 December.

It was the first net gain in 14 districts for the company, 80% owned by the Government, after that it and its larger sister, Fannie Mae, were rescued at the rate of hundreds of billions of dollars to the crisis.

Freddie Mac said it obtained a positive value of $ 1.2 billion in the quarter after radiation of 2.98 billion (an increase of 2.77 billion a year earlier) and an injection of $ 500 million by the U.S. Treasury by the end of last year.

He also said that she had paid a quarterly dividend of $ 1.6 billion to the Treasury.

Non-productive assets, mainly real estate loans in default, increased $ 124 billion--6,4% of its portfolio of mortgage loans total--117 billion a year earlier.

"Our support of the United States remained faithful during this critical period in the real estate market, one in every four home loans originated and helping more than 62,000 of funding evil borrowers avoid foreclosure."," Chief Executive Charles Haldeman said in a statement.

But he warned that the US housing sector was not clearly recovering.

"Continuous improvement on the front of employment and early crimes was positive signs in the quarter, but we believe that large stocks of unsold homes and a large number of distressed sales will continue to exert pressure downward on real estate prices in many neighborhoods."