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Housing GSEs Quarterly Financial Performance Report

Quarterly Performance Report of the Housing GSEs - Second Quarter 2014

Published: 10/10/2014
The Enterprises

(Freddie Mac and Fannie Mae)

  • Combined second quarter net income of $5.0 billion compared to $9.3 billion in the first quarter of 2014
  • Continued improvement in national home prices contributed to releases of loan loss reserves at both Enterprises
  • Net income declined at both Enterprises mainly driven by lower income from private-label mortgage-related (PLS) securities settlements
  • Combined loan loss reserves decreased $4.5 billion during the quarter

  • Enterprise MBS issuance share continued to decline in the second quarter of 2014

 

The Federal Home Loan Bank Syste​m

  • ​Aggregate second quarter 2014 income of $527 million compared to $567 million in the first quarter of 2014 and $691 million in the last quarter of 2013
  • Aggregate advances increased by 11 percent over the quarter to $537 billion
  • Advances increased to 62 percent of assets
  • Retained earnings increased to $12.6 billion
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