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The Week Ahead: Quarterly Results for Freddie Mac

Freddie MacOn October 31 Freddie Mac will report its Q3 2017 financial results via a 9 a.m. EST conference call.  The conference call will be concurrently webcast and the replay will be available on the company's website at www.FreddieMac.com/investors for approximately 30 days.

Last quarter, the GSE experienced a net income of $1.7 billion and comprehensive income of $2.0 billion. This was a decrease of  $0.5 billion and $0.2 billion, respectively, from the first quarter of 2017. The company’s quarter-over-quarter earnings were relatively stable as market-related impacts remained low.

Freddie Mac's mortgage-related investments portfolio was $283.7 billion as of June 30, 2017, a decline of $7.5 billion from March 31, 2017.

As of June 30, 2017 Freddie Mac completed approximately 35,000 single-family loan workouts to help borrowers avoid foreclosure.

To lean how Q3's results will different, be sure to tune in on Tuesday.

This Week’s Schedule:

  • American Enterprise Institute's conference call on July National Mortgage Risk Index, Monday, 11 a.m. EST
  • "Data Security: Vulnerabilities and Opportunities for Improvement," hearing held by the Subcommittee on Financial Institutions and Consumer Credit, Tuesday, 2 p.m. EST
  • MBA Mortgage Applications, Wednesday, 7 a.m. EST
  • Fannie Mae's Q3 2017 Financial Results, Thursday, 8 a.m. EST
  • Freddie Mac Weekly Mortgage Survey, Thursday, 10 a.m. EST

About Author: Rachel Williams

Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at Rachel.Williams@DNews.com.
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