first_img Share in Daily Dose, Featured, News February 8, 2019 963 Views Freddie Mac will release its Q4 2o18 and full year results on Thursday, February 14 before the markets open. The government-sponsored enterprise (GSE) said that it would hold a conference call at 9 a.m. EST to discuss the results and the call would be concurrently webcast.In Q3, the GSE, which completed 10 years under conservatorship this year, reported a comprehensive income of $2.6 billion driven primarily by “stable business revenues and strong credit quality.” This included a $0.2 billion (after-tax) net benefit from single-family legacy asset dispositions and a $0.2 billion (after-tax) benefit from reducing the write-down of the net deferred tax asset from the tax reform legislation last year.Freddie Mac said that it would also fulfill its $2.6 billion dividend requirement to the U.S. Treasury in December and that it had made cumulative payments totaling $114 billion to the Treasury to date.It also reported strong business fundamentals that helped it to grow during the quarter. Its total guarantee portfolio grew 6 percent to $2.1 trillion while its single-family total originations decreased 6 percent to $231 billion. Though its refinance volume decreased 30 percent, Freddie Mac reported a 12 percent increase in its purchase volume.Here’s what else is in store in the week ahead:CoreLogic Loan Performance Insights Report, Tuesday, 10 a.m. ESTMBA Mortgage Apps, Wednesday, 7 a.m. ESTHouse Committee Hearing: “Homeless in America: Examining the Crisis and Solutions to End Homelessness, Wednesday, 10 a.m. ESTSenate Committee Hearing on Nomination of Mark Calabria, Thursday, 10 a.m. ESTFreddie Mac Primary Mortgage Market Survey, Thursday, 10 a.m. ESTcenter_img The Week Ahead: The Year at Freddie Mac Finances Freddie Mac mortgage Results Secondary Market 2019-02-08 Radhika Ojhalast_img

Leave a Reply

Your email address will not be published. Required fields are marked *