Delivering solid third quarter earnings while supporting the U.S. housing finance system, Freddie Mac reported net revenues at $5.7 billion, up 10% year-over-year, driven by higher net interest income and non-interest income.
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Michael J. DeVito will move on from the role of CEO in the first quarter of 2024, as the GSE is set to begin its search for a successor to the position.
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With both Freddie Mac and Fannie Mae reporting their Q3 financials, click through to read the details and get insights from each GSE’s CEO.
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Fannie Mae reported gains in net revenues in the third quarter of 2021, and Freddie Mac experienced a 4% rise, spurred by mortgage portfolio growth and higher average G-fees.
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Former Wells Fargo Head of Home Lending comes out of retirement to lead GSE.
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