Today Freddie Mac reported net income and comprehensive income of $2.3 billion for the third quarter of 2016. Our results strongly reflect our improving business fundamentals and competitiveness – higher purchase volumes, an eight-year best in credit quality and a continued decline in legacy assets.
We're continuing to improve affordability and access to credit for homebuyers and renters – the core of our community mission, often working with industry partners and community organizations. We are also innovating to improve the operations of the mortgage markets, including giving our customers products and tools to make it easier and less expensive to make loans to working families.
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