The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Investments

Fannie Mae net income retreats to $2.4B in Q1

Fannie Mae provided $102 billion in liquidity to the mortgage market this first quarter

Fannie Mae reported Wednesday it posted a comprehensive income of $2.4 billion in the first quarter of 2019, according to the company’s quarterly earnings report.

The first quarter's income is down from the fourth quarter's $3.2 billion, and also sits below the first quarter of 2018 when Fannie saw a comprehensive income of $3.9 billion.

The company’s net income came in at $2.4 billion this quarter, down from $3.2 billion last quarter and $4.3 billion in the first quarter of 2018.

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.

Overall, through its purchases and guarantees of mortgages, Fannie Mae financed 527,000 home purchases, refinancings or rental units this quarter.

A total of $85.1 billion in liquidity was awarded to the single-family mortgage market, which is an estimated market share of 36% for the first quarter of 2019.

The company also financed 171,000 multifamily units this quarter, providing $16.9 billion in multifamily financing.

All in all, its Multifamily net income came in at $575 million in Q1 of 2019, retreating from $580 million in Q4 of 2018. 

The GSE will now pay out $2.4 billion to the U.S. Treasury if the Federal Housing Finance Agency agrees to a dividend in this amount. In February, Fannie Mae paid out $3.2 billion to the Treasury.

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