Today Freddie Mac reported net income of $1 billion and comprehensive income of $1.1 billion for the second quarter of 2016. Both our financial and business results were solid, reflecting further improvement in our competitiveness and capabilities, highlighted by strong new guarantee business volumes. We continue to work together with our customers to make the housing finance system better for America's homebuyers and renters, which includes improved accessible and affordable products and the delivery of robust tools and expanded offerings to our Seller/Servicer customers.
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