Freddie Mac reported second-quarter net income of $1.66 billion, compared to $2.21 billion in the first quarter.
Comprehensive income for the quarter decreased to $1.99 billion from $2.23 billion in the previous quarter.
Net interest income was $3.38 billion in the second quarter, compared to $3.80 billion in the first quarter.
Benefit for credit losses was $422 million in the most recent quarter, compared to $116 million in the previous quarter.
The company reported derivative losses of $1.10 billion in the second quarter, compared to $302 million in the first quarter.
Freddie Mac's dividend obligation to the U.S. Treasury Department in September will be $2.0 billion based on its net worth of $2.6 billion as of June 30 and the capital reserve amount of $600 million in 2017.
Aggregate cash dividends paid to Treasury totaled $108.2 billion, $36.9 billion more than cumulative cash draws of $71.3 billion received from Treasury through June 30.