Another Strong Quarter For Fannie Mae & Freddie Mac, Another Profitable Pay-Out To Treasury

Another Strong Quarter For Fannie Mae & Freddie Mac, Another Profitable Pay-Out To Treasury by Investors Unite

Fannie Mae and Freddie Mac both boasted healthy second quarters this year, according to earnings reports released this week. Fannie Mae boasted $4.6 billion in net income while Freddie Mac showed an impressive $4.2 billion for the same.

The Wall Street Journal noted that “an interest-rate increase helped drive a 27% rise in [Fannie Mae’s] second-quarter profits” while Politico Pro reported earlier this week that Freddie reversed losses from derivatives holdings into gains” with the second quarter of this year showing a vast improvement from the same period last year when Freddie had just $1.36 billion in profit. Or, as...