Items Tagged with 'Donald Layton'


  • 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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  • Freddie Mac reports $354M net loss in first quarter

    But no draw needed from U.S. Treasury
    Freddie Mac reported a $354 million net loss in the first quarter, significantly down from its $2.2 billion net income recorded in the fourth quarter of 2015. The news is a reminder of the GSE's net loss in the third quarter of 2015, which marked the first loss in four years. But despite the news, Freddie CEO Donald Layton remains positive on the results.
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  • Freddie Mac CEO indicates volatility subsiding at mortgage finance giant

    House prices up + lawsuits down = good times
    It has been a couple of rough years for the government-sponsored enterprises, to say the least. Conservatorship, lawsuits, interest rate fluctuations (kinda), more lawsuits, and let’s not forget the time public-vigilante journalists invented a scandal about one company’s trading operations. Could there be smoother seas ahead?
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