Tag: 苏州推拿论坛

zhubzrzr

Fannie Mae, Freddie Mac Profit Growth Slows in Q3

first_imgSubscribe The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Tagged with: Fannie Mae Freddie Mac GSE Profits Mortgage-Backed Securities Secondary Market Previous: International Document Services Forms New Integrations Team Next: With Recent Republican Victories, Is GSE Reform Possible? Home / Daily Dose / Fannie Mae, Freddie Mac Profit Growth Slows in Q3 Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Tory Barringer Fannie Mae, Freddie Mac Profit Growth Slows in Q3 Servicers Navigate the Post-Pandemic World 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Fannie Mae Freddie Mac GSE Profits Mortgage-Backed Securities Secondary Market 2014-11-06 Tory Barringer Fannie Mae and Freddie Mac are set to send another $6.8 billion to the U.S. Treasury after posting a mild increase in profits for the third quarter.For its part, Fannie Mae reported net income of $3.9 billion for the third quarter, up from a profit of $3.7 billion in Q2 but down from $8.7 billion from a year ago.According to Fannie Mae, the increase was driven primarily by lower fair value losses and an increase in revenues. Also contributing to the third-quarter boost in profits was a recently announced settlement between Goldman Sachs and the GSEs’ conservator, the Federal Housing Finance Agency (FHFA), over faulty residential mortgage-backed securities (RMBS).In a sour sign for the housing market, a shrinking portion of Fannie Mae’s earnings stemmed from credit-related income—$836 million compared to $1.9 billion the prior quarter. The company said the decrease was mostly due to a decline in its benefit for credit losses as home price appreciation continues to slow.Fannie Mae also acknowledged that a growing share of its revenues in recent years have come from increases in guaranty fees, a trend the company expects will continue as its mortgage portfolio contracts.Meanwhile, Freddie Mac reported net income of $2.1 billion for Q3, up from $1.4 billion the prior three-month period. The company attributed the increase to lower derivative losses (stemming from an upturn in long-term interest rates) and the same RMBS settlement that benefited Fannie Mae.Those improvements were counterbalanced against a drop in Freddie Mac’s provision for credit losses “driven by a slight worsening in loss severity,” the company said.As a result of their profitable quarter, Fannie Mae says it expects to pay $4.0 billion in dividends to Treasury in December, while Freddie Mac will pay $2.8 billion.By the end of this year, the two GSEs, which have been in conservatorship since 2008, will have returned a combined $225.5 billion to taxpayers—nearly $40 billion more than the amount the two companies were forced to draw to keep afloat in the aftermath of the financial crisis. Despite that, the GSEs’ agreement with the government stipulates they must continue to pay.That agreement has drawn the ire of the companies’ shareholders, some of whom are trying to take the government to court on claims it has robbed them of their share of the profits and kept the GSEs from being able to return to normalcy.Meanwhile, Washington continues to debate on what should happen to the two mortgage giants as policymakers work to revive private-label securitization and diminish the government’s role in the market. While there has been some support for plans to wind down the GSEs and replace them with a government corporation, those plans remain up in the air in the wake of Republicans’ takeover of the Senate. in Daily Dose, Featured, News, Secondary Market November 6, 2014 791 Views Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

CONTINUE READING
ahowvqqi

Corey Knebel injury update: Brewers reliever’s elbow woes could open door for Craig Kimbrel

first_imgThe Brewers are worried about Corey Knebel’s elbow.That is known for two reasons: for one, manager Craig Counsell told reporters “there is reason for concern,” and second, Milwaukee has “serious interest” in free agent reliever Craig Kimbrel, according to Fancred Sports. Corey Knebel will have his elbow examined by Dr. William Raasch today in Arizona.“There is reason for concern,” manager Craig Counsell said.— Robert Murray (@ByRobertMurray) March 21, 2019Brewers talks with Craig Kimbrel are pretty serious I hear. They already had the best pen last year, so this would be strengthening a strength @ken_rand @ByRobertMurray 1st mentioned— Jon Heyman (@JonHeyman) March 20, 2019Knebel has not pitched since March 17 and will have his elbow examined by Dr. William Raasch in Arizona on Thursday. The Brewers’ interest in Kimbrel has become apparent in recent days, but it didn’t make a ton of sense considering Milwaukee ranked in the top five in almost every category that mattered last year in bullpen numbers.But if Knebel is out for an extended period of time, Kimbrel would not only provide a great replacement this year, but he would also be good for a couple or three years down the road if Knebel doesn’t recover quickly or even sufficiently. MLB hot stove: Brewers seriously interested in Craig Kimbrel, report says Kimbrel remains available on the open market despite ranking 14th all time with 333 career saves. The righty reportedly was asking for a six-year, $100 million deal this offseason, but that has not been confirmed. Related Newslast_img read more

CONTINUE READING