Volume 2014 - Number 3
January 23, 2014
4Q GSE Earnings May Get Boost from Loss Reserves, Will Fannie Pull Even?
When Fannie Mae and Freddie Mac unveil their fourth-quarter 2013 results in February, the two government-sponsored enterprises are expected to again report strong earnings driven by: higher guaranty fee income, one-time gains tied to legal settlements, and a boost from lower loan-loss reserves. But most of the money will be swept straight into the U.S. Treasury. One of the major factors in the GSEs huge 2013 earnings so far the release of deferred tax assets will likely be...
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