Quarterly Performance Report of the Housing GSEs - Third Quarter 2013

The Enterprises Highlights 

(Freddie Mac and Fannie Mae) 

• Combined third quarter earnings of $39.2 billion

• Release of a substantial portion of the valuation allowance on deferred tax assets (DTA) at Freddie Mac contributes $23.9 billion to quarterly net income

• Continued improvement in national house prices drove financial results

• Credit quality of new single-family business remained high​

The Federal Home Loan Bank System 

• Combined third quarter earnings of $548 million

• Combined advances increased during the third quarter of 2013

• Advances as a percentage of total assets remain at 59 percent

• Retained earnings continue to increase and are at $11.7 billion​