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Fannie Mae closed 2016 with annual net income of $12.3 billion and annual comprehensive income of $11.7 billion
Fannie Mae closed 2016 with annual net income of $12.3 billion and annual comprehensive income of $11.7 billion plus a positive net worth of $6.1 billion, according to a new filing by the government-sponsored enterprise. For the fourth quarter of 2016, Fannie Mae reported net income of $5 billion... Keep Reading....
The attorneys general representing 44 states announced that they reached a $100 million settlement with Barclays Bank PLC and Barclays Capital Inc.
The attorneys general representing 44 states announced that they reached a $100 million settlement with Barclays Bank PLC and Barclays Capital Inc. over allegations of fraudulently manipulating that U.S. Dollar LIBOR (the London Interbank Offered Rate) and other benchmark interest rates. Benchmark... more
Fannie Mae and Freddie Mac could require a taxpayer bailout of up $126 billion in the event the global economy turns sour
Fannie Mae and Freddie Mac could require a taxpayer bailout of up $126 billion in the event the global economy turns sour, according to the latest stress test performed on the government-sponsored enterprises (GSEs) by their regulator, the Federal Housing Finance Agency (FHFA). As part of the 2016... more
Fannie Mae reported healthy returns for the second quarter, with net income of $2.9 billion and comprehensive income of $2.9 billion, up from the first quarter’s net income of $1.1 billion and comprehensive income of $936 million
Fannie Mae reported healthy returns for the second quarter, with net income of $2.9 billion and comprehensive income of $2.9 billion, up from the first quarter’s net income of $1.1 billion and comprehensive income of $936 million. Fannie Mae also reported a positive net worth of $4.1 billion for... more
Freddie Mac reported net income of $993 million for the second quarter
Freddie Mac reported net income of $993 million for the second quarter, a considerable turnaround from its net loss of $354 million in the first quarter, as well as a comprehensive income total of $1.1 billion for the second quarter that was miles removed from the comprehensive loss of $200 million... more