UPDATE 1-Freddie Mac to hand $746 million to U.S. Treasury

May 5, 2015 12:56 PM

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WASHINGTON May 5 (Reuters) - Government-controlled mortgage finance firm Freddie Mac on Tuesday said it will cut a check to the U.S. Treasury for $746 million, its smallest dividend to taxpayers since 2009.

Freddie Mac said its first quarter net income was $524 million, up from $227 million in the fourth quarter.

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