Items Tagged with 'Second-quarter earnings'


  • Freddie Mac second quarter net income declines to $1.7 billion

    Returns more than $108 billion to taxpayers since 2008
    Freddie Mac’s financial results remained steady, as it reported net income of $1.7 billion for the second quarter of 2017. This is slightly down from the first quarter of 2017. Donald Layton, Freddie Mac CEO, commented on the stability of the GSE, saying, “Our continued very solid financial results and strong business fundamentals reflect the company’s transformation into a well-run commercial enterprise.”
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  • Mortgage lending expected to disappoint as big banks gear up for earnings

    Citigroup, Wells Fargo, JPMorgan report early Friday
    JPMorgan Chase, Citigroup and Wells Fargo are kicking off earnings season this year early Friday morning, ushering in a wave of financial companies. The three big banks typically give a preview of how the rest of the mortgage finance market will do. Spoiler alert: Mortgages are not expected to perform well.
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  • Is it over for GSE investors?

    Fannie and Freddie profits taper off
    Fannie Mae and Freddie Mac each reported profits for the second quarter that were much smaller than the record levels logged earlier, and as a result, one article argues investors should start pulling out.
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  • Here's the key to Impac's strong second quarter

    Wholesale and correspondent originations increase 38%
    Impac Mortgage Holdings reported second-quarter net earnings of $82 thousand or $0.01 per diluted common share after reporting a net loss last quarter, and it was one key element that helped drive lending volume forward.
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