Posted To: MND NewsWireBoth of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, which remain in government receivership ten years after the housing crisis, posted strong financial results for the third quarter of this year. Freddie Mac reported net income of $2.7 billion and comprehensive income of $2.6 billion while Fannie Mae’s comprehensive and net were both $4.0 billion. Freddie Mac’s results are slightly ahead of those in the second quarter when comprehensive income was $2.4 billion, but down from the $4.6 billion reported in the third quarter of 2017. The company realized $3.3 in net interest income and $728 million in derivative gains. The company said its results reflected continued strong earnings from guarantee fee income , which rose from $169 billion in the third quarter of…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631