GSE Performance

Browse articles from all of our Newsletters related to GSE Performance.

November 11, 2016 - Inside The GSEs

GSE Earnings Up Again in 3Q, Groups Renew Recap Calls

Fannie Mae and Freddie Mac posted combined net income of $5.53 billion for the third quarter of 2016, representing their strongest cycle since the second quarter of 2015. Despite a mandated declining portfolio, the GSEs are beneficiaries of strong guarantee fees, which help drive income. Freddie more than doubled its net profit from the previous quarter to $2.33 billion. This was the company’s best performance since the $4.17 billion earned in the second quarter of 2015. Freddie attributed the gain to robust g-fee income and a steep reduction in hedging losses. Fannie’s net income was up for the quarter to $3.20 billion, also its strongest since earning $4.64 billion back in the second quarter of last year, and up from...


November 3, 2016 - Inside Mortgage Finance

GSEs Report 3Q Earnings Increase and Attribute Rising Income to G-Fees; Freddie Doubles Profit

Fannie Mae and Freddie Mac reported a combined net profit of $5.53 billion in the third quarter of 2016 with income from guarantee fees strong in both the single-family and multifamily segment. Both government-sponsored enterprises expect guarantee fee income to continue to be a driving force. Freddie’s net profit of $2.33 billion represents its strongest performance since the second quarter of 2015, when it earned $4.17 billion. Stellar g-fee income and a steep reduction in hedging losses helped contribute to that growth. Meanwhile, Fannie reported...


October 28, 2016 - Inside The GSEs

Congressional Budget Office Studies GSE Recapitalization

The Congressional Budget Office said allowing the GSEs to retain a portion of their earnings could help stabilize the mortgage market and the federal budget.In a recent report studying the effects of recapitalizing Fannie Mae and Freddie Mac, the CBO concluded that while it may limit competition in the market, the benefits outweigh any potential concerns. With GSE capital levels scheduled to be depleted by 2018, there have been several legislative proposals over the past year advocating a recap. The CBO published a report in response to the proposals but put a different spin on it. The CBO created an “illustrative policy option” in which Fannie and Freddie would retain an average of $5 billion of their profits annually.


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