“Based on December 31, 2014 net worth of $2.7 billion, the company’s March 2015 dividend obligation will be $0.9 billion, bringing total cumulative cash dividends paid to Treasury to $91.8 billion,” the statement said.
Freddie Mac returned an additional $19.6 billion to taxpayers in 2014 because of a successful year, the statement added.
The US government purchased the housing entity in 2008.
Freddie Mac made progress in reducing taxpayer risk to exposure, increased market share between government sponsored enterprises (GSEs) through improved customer focus and service, and improved operations through innovation and efficiency, according to Freddie Mac’s Chief Executive Officer Donald Layton.
“Freddie Mac’s continued health remains important for the housing finance system. 2014 marked another year of solid financial and operating performance for Freddie Mac, enabling us to return an additional $20 billion to the nation’s taxpayers,” Layton said in the statement.
Freddie Mac’s has funded the mortgage market with $2.5 trillion and was able to fund 11 million single-family homes and 2 million multifamily rentals alongside foreclosure relief to 1.1 million borrowers.
The financial results are subject to variability from period to period throughout the fiscal year, according to the statement.
