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“Another Solid Quarter” -Fannie/Freddie CEOs say in Separate Statements

Both Freddie Mac
and Fannie Mae released third quarter financial results on Thursday.  The government sponsored enterprises (GSEs)
each reported that their recently completed quarters had been a profitable one,
although not at their earlier record high levels, and that each will be paying
substantial dividends to the U.S. Treasury.

Freddie Mac
reported net income of $2.1 billion, the 12th consecutive quarter
the company has posted positive earnings, compared to $1.4 billion in the
second quarter of 2014.  Comprehensive
income was $2.8 billion, up from $1.9 billion in the previous quarter.

 

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