Items Tagged with 'Donald Layton'

ARTICLES

  • Freddie Mac CEO: Our innovations help lenders help borrowers

    On the investment side of mortgage finance, there is plenty of change afoot
    Much has changed, Freddie Mac CEO Donald Layton admits, on the mortgage lending front. "Life is very different now," than when he took over 6 years ago, he said. "Our innovations are aimed at our 'customers'… and that’s lenders and ultimately that’s help for borrowers."
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  • Freddie Mac first quarter profit withstands impact of rising interest rates

    Returns $2.2 billion to taxpayers
    Freddie Mac started 2017 slightly down as the market adjusted to lower refinance volumes and rising interest rate levels in the first quarter. As a result of its first quarter results, Freddie Mac’s dividend obligation to Treasury in June 2017 will be $2.2 billion, based on Freddie Mac’s net worth of $2.8 billion at March 31, 2017.
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  • Freddie Mac posts second profitable quarter in a row

    Returns a total of $2.3 billion to taxpayers
    Freddie Mac managed to report another profitable quarter and posted net income of $2.3 billion for the third quarter of 2016, up from net income of $993 million for the second quarter of 2016. The government-sponsored enterprise also recorded comprehensive income that is more than double what it recorded for the second quarter of 2016.
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  • FHFA pivots to affordable housing, single-family rentals

    Renewed focus on those left behind in recovery
    At the Mortgage Banking Association's annual conference, FHFA Director Mel Watt recounted a number of items the agency accomplished in the wake of the financial crisis before signaling the agency's focus for the next year: expanding affordable housing, including single-family rentals.
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  • Freddie Mac recovers in 2Q, posts net income of $993M

    Returns a total of $99.1 billion to taxpayers
    Freddie Mac had a rough start to the year, posting a net loss in the first quarter. However, now its second-quarter financial results are in, and the government-sponsored enterprise performed much better, so much so that it will return an additional $933 million to taxpayers.
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