Freddie Mac reported a profit of $768 million in the second quarter and positive net worth of $8.2 billion so it will not have seek additional capital from the Treasury Department this quarter.

It is a remarkable turnaround for a company that posted a $9.9 billion loss in the first quarter. But after the paying the Treasury $1.1 billion in dividends for previous capital infusions, Freddie had a net loss per common share of $0.11 for the second quarter. "We are pleased that our financial results allow us to finish the quarter with a positive net worth," Freddie interim chief executive John Koskinen said.

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