Freddie Mac Is Focused on ‘Speed to Exit’ U.S. Control, CEO Says

Freddie Mac said it’s working to exit federal control as quickly as possible, showing the mortgage giant is committed to a top goal of the Trump administration.

Freddie reported Wednesday that its third-quarter net income fell 28% to $1.85 billion from the same period a year earlier. The company now has $6.7 billion in capital following the Treasury Department’s decision to let it retain earnings instead of sending profits to the government through a quarterly dividend payment.

Freddie doesn’t plan to pay a dividend in the fourth quarter either and is working to meet requirements laid out by its regulator ...