Browsing: Mortgage

Mortgage

Fannie Mae today said that it earned net income of $1.9 billion in the first quarter. Like Freddie Mac’s report on Tuesday, Fannie’s profits rebounded slightly from a weak final quarter of 2014, but it was still well below the $5.3 billion earned in the first quarter of 2014.

Mortgage

Following a weak end to 2014, Freddie Mac today posted improved net income of $524 million in the first quarter — although the figure is still down significantly from the $4 billion the company earned in the first quarter of 2014.

Mortgage

The Federal Housing Administration on Thursday said that its updated handbook consolidating its guidance for lenders into a single resource would take effect on Sept. 14 instead of June 15 as originally planned.

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