File - Attendees surf the internet at a Freddie Mac sponsored kiosk at the Independent Community Bankers of America's (ICBA) 2011 Convention in San Diego, California March 22, 2011. (REUTERS/Mike Blake)
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Mortgage giant Freddie Mac posted net income of $8.6 billion for the October through December period, its ninth straight profitable quarter.Freddie's fourth-quarter profit reported Thursday nearly doubled from earnings of $4.5 billion in the last three months of 2012 .Freddie said its net worth in the fourth quarter was $12.8 billion.Washington-based Fannie reported last week that it earned $6.5 billion in the fourth quarter, its eighth straight profitable quarter. Fannie will have repaid its full government bailout of $116 billion after paying its fourth-quarter dividend.Fannie and Freddie own or guarantee about half of all U.S. mortgages, worth about $5 trillion.
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