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Stock Market & Financial Investment News

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August 7, 2014
08:21 EDTFMCCFreddie Mac reports Q2 net income $1.4B vs. $4.0B in Q1
Reports Q2 comprehensive income $1.9B, compared to $4.5B in Q1. Q2 financial results were primarily driven by credit cycle recovery items, including lower income from legal settlements on private-label securities of $0.4B versus $4.5B in Q1 and a shift to credit provision income of $0.6B from credit provision expense of $0.1B in Q1. Delinquency rates remained below industry benchmarks, with a single-family serious delinquency rate of 2.07% compared to 2.79% at June 30, 2013 and a multifamily delinquency rate of 0.02% in Q2.
News For FMCC From The Last 14 Days
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December 17, 2014
10:50 EDTFMCCAckman says added 'meaningfully' to Freddie, Fannie positions in last week
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December 8, 2014
12:31 EDTFMCCFannie Mae, Freddie Mac to back mortgages with 3% down payments, LA Times says
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