fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Not to be Outdone; Fannie Profits Bring Dividend Total to $136.4 Billion

Friday, February 20, 2015

Like Freddie Mac, Fannie Mae has also reported a profitable fourth quarter of 2014 and a profitable year.  The company had both net and comprehensive income for the quarter of $1.3 billion and for the year a net of $14.2 billion and comprehensive income of $14.7 billion.

Comparing the year's total results with those of 2013 was, as with Freddie Mac's revenues, virtually meaningless as a large portion of the 2013 net of $84 billion and comprehensive income of $84.8 billion resulted from a one-time release of the company's valuation allowance against its deferred tax assets.

Fannie Mae paid a total of $20.6 billion in dividends to Treasury in 2014 and expects to pay an additional $1.9 billion in March 2015, fringing the company has paid to $136.4 billion.  Dividends do not reduce prior Treasury draws, which total $116.1 billion since 2008.

Read Full Article

Testimonial

"Jean and everyone there helped us get through the process, even when there was problems. Jean made sure everyone was up to date and pushed things through. The whole process couldn't have happened with out Midwest Family Lending."
Alan S.