McLean-based Freddie Mac's multifamily business segment produce record earnings of $2.1 billion last year — up 63 percent from 2011, GlobeSt.com reported.It posted record annual loan funding of $28.8 billion, up 42 percent from 2011. Credit losses were $34 million, less than 3 basis points of the total multifamily mortgage portfolio. For the fourth quarter of 2012, Freddie Mac's multifamily segment had earnings of $494 million, compared to $710 million for the third quarter of 2012 — a decrease…
Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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