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Fannie/Freddie Account Surplus With Treasury Will Hit $40.9 Billion

Discussion › Recent News › Fannie/Freddie Account Surplus With Treasury Will Hit $40.9 Billion

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  • November 7, 2014 at 6:27 pm #2624

    Investors Unite
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    Inside Mortgage Finance, By Paul Muolo

    Fannie Mae and Freddie Mac reported combined comprehensive income of $6.8 billion in the third quarter thanks to strong guaranty fee revenue, and to a lesser degree, revenues from legal settlements with their counterparties.

    Moreover, according to their just-released earnings statements, after the two make their next earnings sweep payment to the U.S. Treasury, they will have an account surplus of $40.9 billion with Uncle Sam.

    Read the full article: Fannie/Freddie Account Surplus With Treasury Will Hit $40.9 Billion

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