Freddie Mac reports first loss in four years

A plan to return Fannie Mae and Freddie Mac to private-shareholder ownership could be released as early as next month, The Wall street journal reports. The plan is expected to ensure the firms.

Freddie Mac reported second-quarter net income of $768 million, compared with a $9.9 billion loss in the first quarter and a $821 million deficit in the period a year ago. After payments of $1.1 billion in preferred stock dividends to the U.S. Treasury, Freddie Mac had a net loss of 11 cents per diluted common share.

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Freddie Mac reports first quarterly loss in four years. Published: Nov 3, 2015 8:43 a.m. ET WASHINGTON (MarketWatch) — Freddie Mac FMCC, -3.45% the mortgage buyer under government conservatorship, on Tuesday said it lost $475 million in the third quarter, its first loss in four years, after earning .17 billion in the prior-year quarter.

The news is a reminder of the GSE’s net loss in the third quarter of 2015, which marked the first loss in four years. But despite the news, Freddie CEO Donald Layton remains positive on the results.

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(Brena Swanson) Freddie Mac reported a $354 million net loss in the first quarter, significantly down from its $2.2 billion net income recorded in the fourth quarter of 2015. The news is a reminder of the government-sponsored enterprise’s net loss of $475 million for the third quarter of 2015, which marked its first loss in four years.

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“Mortgage rates continued the summer swoon due to weaker economic data,” Sam Khater, Freddie Mac. report from the Institute for Supply Management that showed the U.S. manufacturing sector recorded.

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This week, Freddie Mac announced a Q3 loss of $475 million-its first quarterly loss in four years-due to interest rate changes lowering the value of its derivative holdings. According to the Director of the Federal Housing Finance Agency, this puts both Freddie Mac and Fannie Mae at risk of requiring an infusion of federal capital.

With the STACR 2016-HQA2 offering of loans with LTVs ranging from 80 to 95 percent, Freddie Mac holds the senior loss risk in the capital structure and a portion of the risk in the Class M-1, M-2 and M-3 tranches, and the first loss Class B tranche.