Mortgage giant Freddie Mac reported its first profit in two years and said that it did not require aid from the US Treasury for now. It reported a net income of $768 million for the second-quarter owing it partly to a fall in provisions for future credit losses.

In a filing today with the Securities and Exchange Commission, Freddie Mac said market-to-market gains following the increase in long term interest rates and lower funding costs and one-time accounting adjustments were included in the results.

The company’s interim CEO in a statement said that it didn’t need any additional aid from the Treasury at this time. Freddie Mac has been trying to stay afloat relying on the $200 preferred-stock purchase agreement with the Treasury.

In September, regulators had seized Freddie Mac and rival Fannie Mae. Freddie Mac had said that its survival wasn’t possible without government support.

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