Earnings Decline for the GSEs in 3Q but Net Worth Keeps Heading North

Inside Mortgage Finance, Oct. 29, 2021–Paul Muolo, Dennis Hollier
Fannie reported net earnings of $4.8 billion for the third quarter, a sequential decline of 32.3% while “little brother” Freddie earned $2.9 billion, a 20.6% drop from 2Q21. Year-over-year, quarterly profits rose 14.4% at Fannie and 18.7% at Freddie.