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Housing GSEs Quarterly Financial Performance Report

Quarterly Performance Report of the Housing GSEs - First Quarter 2014

Published: 8/5/2014

​​​The Enterprises

(Freddie Mac and Fannie Mae)

  • Combined first quarter net income of $9.3 billion compared to $15.1 billion in the fourth quarter of 2013
  • Enterprise MBS issuance share decreased to 70 percent compared to 74 percent in the fourth quarter of 2013
  • Combined proceeds from private-label mortgage-related (PLS) securities settlements totaled $8.6 billion in the first quarter
  • Loan loss reserves decreased $2.6 billion during the quarter

The Federal Home Loan Bank Syste​m

  • ​Aggregate net income of $567 million in the first quarter of 2014, compared to $691 million in the fourth quarter of 2013
  • Aggregate advances decreased during the quarter by 3 percent
  • Advances as a percentage of total assets decreased slightly to 59 percent
  • Retained earnings increased to $12.4 billion

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