Freddie Mac Turns Corner to Full-Year Profitability (No Word On "Thank You" Card For Bernanke)

``Freddie Mac's net income increased by 55 percent in the fourth quarter of 2012 primarily due to a decrease in newly delinquent loans and an improvement in home prices.  The company reported net income on Thursday of $4.5 billion compared to $2.9 billion in the third quarter of 2012.'' -- What's amazing is that it took this long, with the Fed propping everything up (including buying mortgage securities outright, and agency bonds)...