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Volume 17 - Number 9

May 5, 2017

Downloads Available: GSE Earnings: 2008-1Q17

GSE Earnings Down in 1Q17 Amid Slower Interest Rate Gains

Fannie Mae and Freddie Mac reported strong first quarter combined earnings this week of $5.0 billion, but that was down by almost half from the 9.9 billion they earned in the previous quarter. The GSEs attributed the quarterly decline to smaller interest rate increases in the first three months of the year and less income from refinancing. While Fannie earned $2.77 billion in the first quarter, a 44.9 percent sequential decline from the fourth quarter of 2016, Freddie earned $2.21 billion, which represented a 54.4 percent decline. “This is down from the fourth quarter of 2016, but up from a year ago. I know that this number has definite market sensitivity to it just beyond...

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What’s your opinion on how Mick Mulvaney has managed the CFPB since he took over three months ago?

He’s done a good job of paring back the agency’s excesses and we’d like to see more.


I hope he totally dismantles the agency and sends those functions back to the agencies hence they came.


Not bad, but he needs to take his time making additional changes.


We’re totally aghast. He’s gone way too far in protecting the rights of companies not consumers!