In the second quarter of 2024, Fannie Mae experienced a modest increase in net income, with a rise of only $164 million from the previous quarter. This growth came despite a significant increase in the acquisition of single-family conventional loans, indicating a potential disconnect between loan volume and profit margins.
Key points:
– Fannie Mae’s net income saw a slight increase in Q2 2024.
– The uptick in purchases of single-family conventional loans did not significantly boost earnings.
– There may be a discrepancy between loan volume and profitability for Fannie Mae in the current quarter.
You can read this full article at: https://www.housingwire.com/articles/despite-big-uptick-fannie-mae-income-stays-relatively-flat/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
