"The guarantee book topped $2 trillion for the first time after growing 6 percent past year, the highest rate in a decade".
14 reported a $6.5 billion net loss for the fourth quarter of 2017, compared with net profit of $3 billion the previous quarter.
15 reported a $2.9 billion net loss for its fourth quarter following its own $5.4 billion writedown of deferred tax assets. If it goes through, it would be the first cash grant Fannie Mae received in six years.
Federal regulators took over the two companies during the 2008 financial crisis, eventually injecting them with $187.5 billion in bailout money.
Fannie Mae, as well as Freddie Mac, is supposed to give almost all of its profits to the government as part of the terms of the government bailout.
As a result of the fourth quarter loss, the company will require a Treasury draw of about $3.7 billion.
If approved, it would be the first time the government put capital into Fannie since March 2012.
In a statement, Timothy J. Mayopoulos, president and CEO of Fannie Mae, says the company is financially stable and characterized the fourth quarter loss as a one-time accounting event from which it will quickly recover.
Additionally, Fannie Mae provided more than $67 billion in multifamily and other rental financing in 2017, the company said. The company said the increase was a result of the recent hurricanes.
Watt said that although the companies were on much better footing, financially, since the meltdown of 2008, the incremental draw-down of their taxpayer buffer meant there was greater risk of the need for a taxpayer bailout. The company said it expects the FHFA to request $312 million from the Treasury. Some Republicans have said those payments should stop when Fannie and Freddie draw from taxpayer funds. That lower rate, estimated at 20 percent, is expected to benefit Fannie Mae in 2018, officials said in the Wednesday report.
Closing the Gap can be realised
With three targets set to expire, the government plans to "refresh" its closing the gap strategy and decide whether targets need to be re-worked.
Map: Here's how much snow MA could get on Saturday
They are among the tools used by meteorologists to analyze storm systems, weather patterns and atmospheric conditions. More snow will be blown onto the streets and visibilities will be significantly decreased as well.
Black Panther: Who are the Dora Milaje?
We just talked about what those colours were, and what were those different aspects of the character that we wanted to show. Dergarabedian said " Black Panther " is impressive because of its box office potential and its cultural significance.