Skip to main content

Freddie Mac: 2014 Was a Very Good Year

Phil Hall
Feb 19, 2015

Freddie Mac closed 2014 with net income and comprehensive income totaling $7.7 billion and $9.4 billion, respectively. This marked the third straight year of profitability for the government-sponsored enterprise (GSE), which has been in federal conservatorship since September 2008.

“2014 marked another year of solid financial and operating performance for Freddie Mac, enabling us to return an additional $20 billion to the nation’s taxpayers,” said Donald H. Layton, Freddie Mac’s chief executive officer. “We made tremendous progress in materially reducing taxpayer exposure to risk, increasing market share between the GSEs through improved customer focus and service, and making our operations better through innovation and efficiency.”

Freddie Mac reported that based on its Dec. 31, 2014 net worth of $2.7 billion, the GSE’s March 2015 dividend obligation will be $900 million, which bringing total cumulative cash dividends paid to U.S. Department of the Treasury to $91.8 billion. Freddie Mac’s senior preferred stock held by Treasury remains at $72.3 billion.

During 2014, Freddie Mac recorded net interest income of $14.3 billion. The GSE also recorded settlement income of $6.1 billion related to private-label securities litigation, as well as derivative losses of $8.3 billion that were primarily attributed to declining interest rates.

Freddie Mac closed the fourth quarter of 2014 with net income and comprehensive income totaling $227 million and $251 million. 

Published
Feb 19, 2015
Home Partners Of America Launches Choice Lease Program

Home Partners of America launched its Choice Lease program aimed at addressing the affordable housing crisis and mortgage access challenges, that are faced by low-to-moderate-income families and underrepresented communities.

Industry News
Jan 17, 2022
KBRA Assigns Preliminary Ratings To OBX 2022-NQM1 Trust

Kroll Bond Rating Agency assigned preliminary ratings to six classes of mortgage pass-through notes from OBX 2022-NQM1 Trust, a $556.7 million non-prime RMBS transaction.

Non-QM
Jan 17, 2022
Zillow: Black Mortgage Applicants Denied 84% More Often Than White

Zillow recently analyzed data from the Home Mortgage Disclosure Act and found that Black mortgage applicants are denied a mortgage 84% more often than white applicants.

Analysis and Data
Jan 13, 2022
Mortgage Economic Review January 2022

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.

Analysis and Data
Jan 13, 2022
Fairway Independent Mortgage Corp. Puts Employees' Health First

Fairway Independent Mortgage continues to allow its employees to choose whether to return to the office or not.

Industry News
Jan 12, 2022
First American Agrees To Acquire Mother Lode Holding Co.

Acquisition would expand First American’s footprint in 11 states

Industry News
Jan 12, 2022