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Healthy Fannie, Freddie Profits Fuel More Debate Over Future

Sunday, Aug 08 2021
Lending
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Robust second-quarter earnings reports by both Fannie Mae and Freddie Mac have set the stage for further contention over what should become of the government-sponsored mortgage finance giants. So reports Inman.

Freddie Mac 350x320Low mortgage rates and the ensuing jumps in home prices and refinancings boosted Fannie to a 44% increase in net income over the same period last year, and Freddie to a 107% surge.

The improved financial condition of the two entities fuels Republicans who want to privatize them as well as Democrats who want to make home ownership more accessible.

Read the full article from Inman.

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