Freddie's DTA Q3 or Q4 (at 10k)
Your nephew, tax accountant, is correct in one regard. Interim reports (10Q) are not binding and are somewhat fungible.
Freddie can "get away" with waiting.
However, financial statements are supposed to present fairly the financial condition. There should be no surprises; there should be no waiting. If you have an asset and are "sandbagging", the auditors should call you on it; similarly, if you have a hidden liability, the auditor should call you on it.
Freddie has a big asset they continue to sit on. It's one thing to be conservative, it's another thing to continue to obscure the reality of their financial position.
Frankly, I am not sure how they get away with saying they foresee profits for the coming years, yet do not release the DTA.
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