FREDDIE MAKES MONEY: Government-controlled mortgage giant Freddie Mac reported net income attributable to common shareholders of $1.2 billion, or 37 cents per share, in the April-June quarter. That compares with a net loss of $3.76 billion, or $1.16 per share, in the same period last year.
NO AID REQUESTED: Freddie says it isn't requesting any additional federal aid for the second quarter. It's the fifth quarter in which the company hasn't requested new federal aid since it was taken over by the government in September 2008. Freddie received $7.6 billion in aid for all of 2011 and $13 billion for 2010.
BIG BAILOUT: Taxpayers have spent about $170 billion to rescue Freddie and larger sibling Fannie Mae, which veered toward collapse in 2008 after piling up massive losses on risky mortgages.