Leaving crisis?

"Freddie Mac" agency has reported its first profit over the two previous years. Is it the beginning of leaving the crisis for American mortgage system? I guess only time will tell. 

But anyway, one of the largest mortgage agencies in USA "Freddie Mac" has received net profit of 676 million dollars in the first quarter of 2011 (according to the company's official report). What is interesting about it is the fact that according to the information from Wall Street Journal  it is the first profit that the agency has had since 2008!

For comparison, the losses that the company had in 2010 equaled 19.7 billion dollars! An incredible summ really. However, now the agency paid 1.6 billion dollars to the state and for more than a year hasn't addressed the state for additional help.

One more mortgage giant - agency "Fannie Mae" - hasn't given a report on its financial activities in the first quarter yet. Last year the company reported a loss of 21.7 billion dollars and asked for the state support of 2.6 billions.

As has been informed earlier, the general losses of both agencies for the last three years had exceeded 200 billion dollars, and the general financial help of the authorities was about 150 billions. In 2008 the government of USA has been compelled too nationalize "Freddie Mac" and "Fannie Mae", being afraid of their bankruptcy: the agencies supervise more than 90% of American mortgage market.