Volume 14 - Number 16
August 8, 2014
Downloads Available: GSE Earnings 2Q 2014
Fannie, Freddie Post ‘Normal’ 2Q Profit Minus One-Time Boosters
Fannie Mae and Freddie Mac reported a combined $5.0 billion in net income during the second quarter of 2014, down 46.2 percent from the first three months of the year. Compared to the first half of 2013, GSE profits were down nearly 82 percent, though both companies posted strong earnings during the three-month period ending June 30, 2014. Both GSEs are coming off a banner 2013 when each company’s earnings were super-charged by several one-time items – including the capture of each company’s deferred tax allowance, and numerous non-agency lawsuit settlements.
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