Fannie posts $3 billion profit despite hurricanes – Scotsman Guide 11/2/17

November 2, 2017

As reported on Scotsmanguide.com, “some mortgage banking trade groups, renewed calls this week for FHFA to withhold the dividend payments” after Fannie Mae posts a $3 billion profit.

“This week’s strong Fannie and Freddie profit reports should not obscure the fact that an accounting blip or tiny quarterly loss next year could force taxpayers to advance funds because the sweep agreement arbitrarily strips these two entities of their remaining capital,” said Scott Olson, executive director of the nonbank trade group the Community Home Lenders Association. 

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