A forecast decline in home prices forces Fannie to set aside money for future losses.

Management shelled out $23 million during 4Q to cover severance payments to laid off workers and for property consolidation.

Note: Once upon a time, Wells regularly was the top bank in the business...

After profiting from soaring home prices the past two years, Fannie and Freddie now have to sock away money as residential values begin to decline.

Private mortgage insurance companies are raising premiums on a targeted basis, in part so they can better manage risk in an increasingly volatile economy.

The mortgage giant netted $4.65 billion in the second quarter, a 6% sequential jump, but a 40% decline from 2Q21.

Freddie's $2.5 billion in profits brings the company's net worth to $34.1 billion.

Rising mortgage rates and Treasury yields cause MSR valuations to spike.

Falling revenues and a decline in loss reserves at Fannie and Freddie signal the end of the housing boom and a return to revenue normalcy.

Fannie Mae’s first-quarter earnings declined due to higher loan loss provisions, while Freddie Mac posted higher profits on the back of credit-related income. (Includes data chart.)