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Fannie markets more than $3 billion in distressed loans

Fannie recorded a $7.8 billion profit in the first half of this year, compared with a loss of $16.9 billion in all of 2011. Her sibling earned $3.6 billion, against a loss of $5.3 billion.

Under the deal announced Monday, Bank of America will pay $3.6 billion in cash to Fannie Mae and buy back $6.75 billion in loans that the bank and its Countrywide Financial unit sold to the agency from Jan. 1, 2000 through Dec. 31, 2008. That includes about 30,000 loans.

Fannie markets more than $3 billion in distressed loans Fannie Mae is putting more than $2 billion in reperforming loans up for bid and also marketing a smaller package of more than $1 billion in nonperforming loans.

January 24, 2019. Fannie Mae Multifamily Closes 2018 with Volume of More than $65 Billion Aleksandrs Rozens 202-752-7916. WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) provided more than $65 billion in financing to support the multifamily market in 2018 with its Delegated Underwriting and Servicing (DUS) program.

WASHINGTON , Jan. 24, 2019 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) provided more than $65 billion in financing to support the multifamily market in 2018 with its Delegated Underwriting and.

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The Federal Housing Finance Agency and U.S. Treasury Department said they have agreed to let mortgage giants Fannie Mae and Freddie Mac retain capital buffers of $3 billion apiece. eventually.

 · As of October 2018, Fannie paid $147 billion and Freddie paid $98 billion. However, Fannie Mae and Freddie Mac were back in the news requesting additional funds.

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Fannie Mae. new single-family mortgage-related securities issued in the second quarter. The GSE contributed $14.5 billion in liquidity to the multifamily market, providing financing for 188,000.

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Fannie Mae selling off more than $1 billion in non-performing loans Fannie Mae selling $1.88 billion in non-performing loans to Goldman Sachs subsidiary Fannie Mae selling off $1.76 billion in non.

Fannie Mae was expected to spend more than $1 billion in 2006 alone to complete its internal audit and bring it closer to compliance. The necessary restatement was expected to cost $10.8 billion, but was completed at a total cost of $6.3 billion in restated earnings as listed in Fannie Mae’s Annual Report on Form 10-K.

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Fannie reported net income of $3.2 billion and net revenue of $5.1 billion for the fourth quarter of 2018, compared with a net loss of $6.5 billion and net revenue of $5.5 billion in the year-earlier period. For the year it recorded net income of $15.6 billion and net revenue of $21.9 billion, compared with $2.5 billion of net income and $23 billion of net revenue in 2017.

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