Freddie Mac's Estimated Profit Triples
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Freddie Mac of McLean, the second-biggest buyer of U.S. mortgages, said it earned $1.2 billion in the three months ended June 30, compared with $340 million in the second quarter last year.
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U.S. securities firm Morgan Stanley  on Tuesday said fourth-quarter profit rose sharply on higher investment banking activity, offset in part by lower fixed-income sales and trading results.
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Third-quarter profit nearly doubled from a year ago as income from its government segment surged and the insurer reported a one-time gain.
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Fresh signs of strength in the economy have caused mortgage rates to rise. Mortgage company Freddie Mac says the average for a 30-year fixed-rate mortgage is now 5.81 percent, up sharply from 5.72 in last week&#39;s survey.
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Mortgage rates around the country crept up this week, although 30-year mortgages still were below the 6 percent level for a fourth straight week, Freddie Mac reported Thursday.
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By Bradley Keoun  Morgan Stanley reported record third-quarter profit Wednesday as earnings from investment banking, brokerage services and credit cards, along with reduced compensation costs, helped the chief executive, John Mack, provide the biggest stock gains on Wall Street.
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The mortgage finance company Freddie Mac will pay $50 million to settle federal charges that it fraudulently misstated earnings over a four-year period.
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Long-term mortgage rates in the United States increased sharply this week, mortgage wholesaler Freddie Mac reported Thursday in its weekly nationwide survey.
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Interest rates on US 30-year and 15-year mortgages rose in the latest week as an improving economy stoked fears of inflation, mortgage finance company Freddie Mac said on Thursday.
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September 01, 2004 - The former chief executive of mortgage giant Freddie Mac will receive about $60 million in compensation that was withheld by the company on orders from its regulator.
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McDonald's Corp. on Friday said  quarterly net profit more than tripled as its U.S. business  improved further and signaled it might pursue a spinoff or  other options for its Chipotle Mexican-style restaurant chain.
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Goldman Sachs reported profit of $3.2 billion, setting a record amid growing concern over falling stock prices and an imploding subprime mortgage market.
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Freddie Mac FRE.N, the  second-largest U.S. home financing company, on Friday said that  it has restated its 2003 net income and set up a reserve for  legal-related expenses, according to an annual report.
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CHARLOTTE, NC Bank of America&#39;s third-quarter profit meets Wall Street&#39;s expectations with a continued boost in business from the FleetBoston Financial merger.
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Freddie Mac (FRE.N: Quote, Profile, Research) is looking at new ways to hedge against more risky mortgages it will purchase to meet higher federal affordable housing goals, the company&#39;s chief executive Richard Syron said on
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Three of the biggest U.S. banks, led by Bank of America Corp., reported record quarterly profits on Tuesday as consumers and companies borrowed more and credit quality improved.
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WASHINGTON -- Freddie Mac, the nation's second largest buyer and guarantor of home mortgages, reported a first-quarter loss of $211 million, mainly from erosion in the value of financial instruments it uses to hedge against interest rate swings.