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Fannie Mae posts $3.9B profit in 3Q Associated Press – 6 november 2014 08:21-05:00 washington (ap) – Mortgage giant Fannie Mae is reporting net income of $3.9 billion for the July through September period, down 55 percent from a year ago. But it still plans to pay slight
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WASHINGTON (AP) – Mortgage giant Fannie Mae is reporting net income of $3.9 billion for the July through September period, down 55 percent from a year ago.
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Its third-quarter net income of $30.5 billion compares with $2.9 billion in the same period last year. Fannie’s earnings of $8.7 billion in the latest period was up from $1.8 billion in the.
· Fannie Mae and Freddie Mac posted strong earnings for the July-September period as the housing market continued to recover. The gains will enable the.
Fannie Mae also announced it provided $102 billion in liquidity to the mortgage market in the first quarter, falling from $122.5 billion last quarter and $124 billion in the first quarter of 2018.
· Fannie’s earnings of $3.9 billion in the third quarter was down 55 percent from $8.7 billion in the same period of 2013. Earnings for Fannie and Freddie can fluctuate widely due to changes in interest rates and home prices.
Washington-based Fannie will pay a dividend of $4 billion to the U.S. Treasury next month. With its previous payments totaling $134.5 billion, Fannie has more than fully repaid the $116 billion it received from taxpayers.Freddie Mac posted net income of $2.1 billion for the latest quarter. Freddie, based in McLean, Virginia, will pay a $2
Fannie. 8.7 billion in the same period of 2013. Earnings for Fannie and Freddie can fluctuate widely due to changes in interest rates and home prices. Fannie said Thursday it expects to remain.
September foreclosure activity falls 27% CHICAGO (MarketWatch) – Foreclosure activity rose 7% in October compared with September, a sign that lenders are picking up the pace after foreclosure processing problems caused delays.
With its previous payments totaling $134.5 billion, Fannie has more than fully repaid the $116 billion it received from taxpayers. Freddie Mac posted net income of $2.1 billion for the latest quarter. Freddie, based in McLean, Virginia, will pay a $2.8 billion dividend to the government.
Fannie Mae Reports Net Income of $8.7 Billion and Comprehensive Income of $8.6 Billion for Third Quarter 2013 Pete Bakel 202-752-2034. WASHINGTON, DC – Fannie mae (fnma/otc) today reported its third quarter 2013 results and filed its quarterly report on Form 10-Q with the Securities and Exchange Commission.