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Housing GSEs Quarterly Financial Performance Report

Quarterly Performance Report of the Housing GSEs - Third Quarter 2014

Published: 12/31/2014

​​The Enterprises

(Freddie Mac and Fannie Mae)

  • Third quarter net income of $6.0 billion compared to $5.0 billion in the second quarter of 2014
  • Proceeds from private-label mortgage-related securities (PLS) settlements totaled $1.7 billion in the third quarter
  • Loan loss reserves decreased $2.5 billion during the quarter, mostly due to continued improvement in national home prices
  • Enterprise MBS issuance share increased in the third quarter of 2014

The Federal Home Loan Bank Syste​m

  • ​Aggregate third quarter 2014 income of $638 million compared to $527 million in the second quarter of 2014 and $549 million in the third quarter of 2013
  • Aggregate advances increased by 1.5 percent over the quarter to $544.6 billion
  • Advances remained at 62 percent of assets
  • Aggregate retained earnings increased to $13.0 billion
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