Fannie Mae and Freddie Mac are better than ever
HousingWire - February 23, 2015 - February 24, 2015
HousingWire, By Brena Swanson
On the surface, it may look like Fannie Mae andFreddie Mac are in financial trouble again. But in reality, both government-sponsored enterprises have emerged from the financial crisis churning out more profits before taxes than they ever have before. Per The Economist:
Last week, Fannie Mae reported annual net income of $14.2 billion and annual comprehensive income of $14.7 billion in 2014. This compares to net income of $84.0 billion and comprehensive income of $84.8 billion in 2013, which included the release of the company’s valuation allowance against its deferred tax assets.
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