Volume 14 - Number 23
November 14, 2014
Downloads Available: GSE Earnings - 3Q14
GSEs Crank Out Profits in 3Q 2014, Freddie Warns of ‘Volatile’ Earnings
Fannie Mae and Freddie Mac reported a combined $6.0 billion in net income for the third quarter of 2014, up from $5.1 billion in the previous quarter. The two GSEs will send to the Treasury $6.8 billion as return on the governmentís senior preferred stock. That will bring cumulative payments under the GSE conservatorships to $225.5 billion. Fannie and Freddie were given a total of $187.4 billion in government funds in order to stay in business.
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