Posts by Donald H. Layton
Donald H. Layton is chief executive officer of Freddie Mac, a publicly traded company that is one of the largest sources of mortgage financing in the United States and a leader in the nation's efforts to keep families in their homes and stabilize the housing market.
Today Freddie Mac announced its 14th consecutive quarter of profitability, reporting net income of $524 million and comprehensive income of $746 million for the first quarter of 2015. These results demonstrate our continued progress in building a profitable, sustainable business model and our commitment to moving housing forward.
Today Freddie Mac announced another year of solid financial performance, reporting net income of $7.7 billion and comprehensive income of $9.4 billion for 2014.
Today Freddie Mac announced our third quarter financial results, reporting net income of $2.1 billion and comprehensive income of $2.8 billion. Based on these results, we will be returning an additional $2.8 billion to taxpayers in the fourth quarter – bringing the total paid to $91 billion. For more details about our results and progress, please listen to a recording of our call with the media or read the additional resources below.
Last week, we announced our Second-Quarter Financial results, and it was another solid quarter for Freddie Mac – our 11th consecutive quarter of profitability.
This week, Freddie Mac reported strong first quarter 2014 financial results, which marks our 10th consecutive quarter of profitability. Net income was $4.0 billion and comprehensive income was $4.5 billion - which means that we'll be returning an additional $4.5 billion to taxpayers in June. This brings the total we've returned to taxpayers to more than $86 billion, $15 billion more than our cumulative draws from the Treasury.