Fannie Mae today reported a $1.1 billion profit for the first quarter of 2016, following a $2.5 billion gain in the previous quarter. The decrease in profit was largely attributed to fair value losses as a result of decreased longer-term interest rates, offset by credit-related income. Freddie Mac earlier this week reported a loss for the first quarter.
EEOC opens collection of EEO-1 data; submission deadline June 24
Survey requires private employers with 100 or more employees and federal contractors with 50 or more employees to submit data on employees’ gender, race and ethnicity annually to the EEOC.