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GSEs Report Substantial but Diminishing Profits
Saturday, February 20, 2016
Both Fannie Mae and Freddie Mac (the GSEs) released fourth quarter and year-end results for their 2015 fiscal years this week. While both GSEs posted substantial profits for the year both were substantially lower than in 2014. Fourth quarter income in both cases was at least slightly improved.
Freddie Mac regained its footing in the fourth quarter, posting a three-month comprehensive income of $1.64 billion compared to more than a half-billion in losses in Quarter Three. Fannie Mae's comprehensive income for the quarter was $2.26 billion, up only slightly from the previous period.
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