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Housing GSEs Quarterly Financial Performance Report

Quarterly Performance Report of the Housing GSEs - Fourth Quarter 2013

Published: 5/9/2014

​​​​T​he Enterprises

(Freddie Mac and Fannie Mae)

  • Combined full-year earnings of $132.7 billion

  • Financial results benefited from release of the valuation allowance on deferred tax assets (DTA), rising national house prices, fewer delinquent loans, and proceeds from representation and warranty settlements and private-label mortgage-related (PLS) securities settlements

​ The Federal Home Loan Bank System

  • Aggregate 2013 earnings of $2.5 billion compared with $2.6 billion in 2012

  • Aggregate advances increased during the year by 17 percent to $499 billion

  • Advances as a percentage of total assets increased to 60 percent

  • Retained earnings increased to $12.1 billion

  • Legal settlements at several Banks related to private-label mortgage-backed securities contributed to earnings

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