![]() ![]() But profits were down 50 percent over the same period, largely due to a $2.5 billion increase in credit-related expenses - money set aside to cover the potential impact of falling home prices. ![]() While Fannie and Freddie remain profitable - posting third-quarter profits of $2.4 billion and $1.3 billion, respectively - each company set aside even bigger pots of money to cover future losses.įannie Mae reported $7.2 billion in third-quarter revenue Tuesday, up 2 percent from a year ago. Mortgage giants Fannie Mae and Freddie Mac say they’re prepared to weather economic storm clouds brewing on the horizon as they build their net worths and sock away billions for future losses. ![]() Experts and industry leaders take the stage at Inman Connect New York in January to help navigate the market shift - and prepare for the next one. New markets require new approaches and tactics.
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