U.S. Treasury Secretary Jack Lew warned Congress in a letter Friday that his department will begin implementing ‘extraordinary...
The U.S. Department of Housing and Urban Development will close its offices nationwide on Friday, May 24th. The news comes as a...
For the third quarter, Fannie Mae earned $1.8 billion in net income, compared with its net loss of $5.1 billion a year prior.
The government- sponsored enterprise expects to report annual profit for the first time since 2006.
For the first nine months, the government-sponsored enterprise reported a net income of $9.7 billion.
As a result of consistently strong financial results over the past three quarters, Fannie Mae expects to show annual net income for the first time in six years.
The GSE has a comprehensive income of $2.6 billion this quarter and as a result, is able to pay back its 3Q dividend of $2.9 billion to the Department of Treasury without any draw under its agreement.
High-quality new single-family book of business accounts for 63% of its single-family guaranty book of business. The new book of business is profitable, built on strong lending standards and is continuing to grow.
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