Fannie reports $16 Billion net income, while Freddie reports $9.2 Billion net income.

Fannie Mae and Freddie Mac reported their fourth quarter and full year 2018 financial results. Fannie Mae reported a net income of $16.0 billion and fourth quarter 2018 net income of $3.2 billion. Fannie Mae expects to pay a $3.2 billion dividend to Treasury by March 31, 2019. Through Q4 2018, the company has paid $175.8 billion in dividends to Treasury. Among its business highlights, the report indicated that the agency provided approximately $512 billion in liquidity to the residential market in 2018. Fannie Mae was the largest issuer of single-family securities in the secondary market for the full year and Q4 2018. The company’s estimated market share of new single-family mortgage-related securities issuances was 39 percent for the full year 2018 and 37 percent for the fourth quarter of 2018. Freddie Mac’s results revealed that its net income of $9.2 billion and comprehensive income of $8.6 billion increased $3.6 billion and $3.1 billion, respectively, compared to the results of full-year 2017.

Source: DS News