Posted To: MND NewsWire

Both Fannie Mae and Freddie Mac (the GSEs) reported strong financial results in the fourth quarter of 2020 and significant growth in their net worth which, for the first time in their 12 years in conservatorship, they have an unlimited capacity to grow. Fannie Mae’s net and comprehensive income was $4.6 billion in the fourth quarter and $11.8 billion for the entire year. The quarterly net and comprehensive incomes were both about $300 million higher than in Q3, but the full year fell well short of the 2019 total net of $14.2 billion and comprehensive of $14 billion. Revenues were higher at $6.3 billion for the quarter and $21.9 billion for the year. The net revenues for the two earlier periods were $5.9 billion and $18.5 billion, respectively. The company said the decline in net and comprehensive…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Published On: February 16, 2021 / Categories: Mortgage News /

Subscribe To Receive The Latest News

Curabitur ac leo nunc. Vestibulum et mauris vel ante finibus maximus.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.