Fannie and Freddie Remain Profitable Despite Mortgage Delinquencies

Mortgage News Daily, July 30, 2020–Jann Swanson
Both government supported enterprises reported increased profits in the second quarter of 2020 compared to Q1. Fannie Mae said its net comprehensive income was $2.53 billion compared to $476 million and Freddie Mac’s quarterly results were 1.94 billion, an increase of $1.32 billion from the previous period.