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February 14, 2018

New GOP Tax Law Blows a Hole in Fannie Mae’s 4Q17 Results, FHFA Expected to Ask Treasury for $3.7B in Cash to Eliminate the ‘Net Worth’ Deficit

By Paul Muolo and Carisa Chappell

The DTA hit Fannie took and the resulting net loss was fully expected and likely won’t cause an uproar on Capitol Hill. However, one lobbyist quipped: "Ah, the first taxpayer bailout of a large financial institution since the Great Recession."

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Poll

With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

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