Freddie Mac to Announce Q4, Full Year 2014 Financial Results Thursday

first_img Freddie Mac will report its fourth quarter and full year 2014 financial results in a conference call with the media on Thursday, February 19, beginning at 9 a.m. Eastern time, according to an announcement from the GSE.The conference call will be concurrently webcast and can be accessed by following this link. All materials related to the call, including a replay of the webcast, will be available at www.freddiemac.com/investors.Freddie Mac has enjoyed 12 consecutive quarters with positive earnings, according to the GSE’s Q3 financial report released in November. In Q3, Freddie Mac’s net income was $2.1 billion – up from $1.4 billion in the previous quarter.The Federal Housing Finance Agency (FHFA) took both Freddie Mac and Fannie Mae under conservatorship in September 2008; at the time, the Enterprises needed a combined $188 billion in government bailout funds to keep afloat in the midst of the financial crisis. In August 2012, the terms of the bailout agreement were amended and nearly all of the GSEs’ profits have been swept into the U.S. Department of Treasury since.At the time the Q3 financial results were released, Freddie Mac said it expected to pay about $2.8 billion in dividends to Treasury in December. That would bring the combined amount the two GSEs have paid to Treasury up to $225.5 billion, nearly $40 billion more than they received in bailout funds in September 2008. The amended bailout agreement stipulates that the GSE profits continue to be swept into Treasury, a practice that has drawn the ire of GSEs shareholders who believe they are being shortchanged. Two of the GSEs’ largest shareholders, Fairholme Funds and Pershing Square Capital Management, have litigation pending against the government over the use of GSE profits.For the first nine months of 2014, Freddie Mac provided $201 billion of liquidity to the mortgage market and has provided $2.4 trillion of liquidity since January 1, 2009 – about four months after the conservatorship began. The Best Markets For Residential Property Investors 2 days ago Freddie Mac to Announce Q4, Full Year 2014 Financial Results Thursday in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Financial Results Freddie Mac GSE Profits 2015-02-18 Brian Honea Tagged with: Financial Results Freddie Mac GSE Profits Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Freddie Mac to Announce Q4, Full Year 2014 Financial Results Thursday The Week Ahead: Nearing the Forbearance Exit 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago Subscribecenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Previous: Mortgage Delinquency Rate Declines for 12th Straight Quarter Next: Replacement Checks Issued for Unclaimed Foreclosure Settlement Payments Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago February 18, 2015 911 Views About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago  Print This Postlast_img

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