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August 7, 2014

Fannie, Freddie Report ‘Normal’ Second Quarter Profits

By Charles Wisniowski

Fannie Mae and Freddie Mac are expected to pay some $5.6 billion to taxpayers following a “normal” second-quarter earnings period that was largely absent of big-ticket tax breaks or large litigation settlements, the two government-sponsored enterprises announced Thursday morning.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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