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Fannie Mae and Freddie Mac are better than ever

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.

Read the full article here: Fannie Mae and Freddie Mac are better than ever