Freddie Mac Reports Continued Quarterly Gains

first_img Freddie Mac Reports Continued Quarterly Gains Data Provider Black Knight to Acquire Top of Mind 2 days ago Freddie Mac released on Thursday its quarterly earnings report for the end of 2013, revealing yet another strong quarter—the ninth straight.Net income at the enterprise totaled $8.6 billion in Q4, bringing total 2013 profits up to $48.7 billion. According to the company, full-year earnings were spurred by the ongoing housing recovery, legal settlements totaling $7.7 billion, and a tax benefit of $23.3 billion—meaning these levels of earnings won’t be sustainable over the long term.For all of 2013, Freddie Mac reported providing liquidity for 1.6 million refinances; 515,000 home purchases; and 388,000 multifamily rental units. The company also reported nearly 168,000 total foreclosure avoidance actions, about half of which were loan modifications.Freddie’s dividend payment to Treasury will come to $10.4 billion, bringing its total government payments up to $81.8 billion, well above the $71.3 billion the company received in its crisis-era bailout. Per the GSEs’ respective agreements with Treasury, each enterprise will continue to make payments despite having made taxpayers whole.The latest earnings report comes one week after Fannie Mae revealed full-year earnings of $84 billion, including $6.5 billion in Q4. Like Freddie, Fannie benefited largely from one-time factors and “does not expect to repeat its 2013 financial results.”The fourth-quarter reports create more questions regarding the government’s plan to reform housing finance and reduce its own role in the market. While policymakers have pushed on a few plans to wind down the GSEs and restore private liquidity, neither the House nor the Senate have moved the ball forward meaningfully on reform.And with time running by on the 113th Congress, that chance may slip until next year, say former senators George Mitchell and Mel Martinez, who, as co-chairs for the Bipartisan Policy Center’s Housing Commission, were among the first last year to propose eliminating Fannie and Freddie in favor of the  backstop of a “limited government guarantee.”“While there are significant differences among the various reform approaches, these differences are not insurmountable,” the two write in a blog post for The Hill. “With the legislative clock ticking away, it would be unfortunate if all the momentum that has been generated for reform were squandered through inattention, lack of focus or broader politics.” Share Save in Daily Dose, Featured, Government, Headlines, News Related Articles Home / Daily Dose / Freddie Mac Reports Continued Quarterly Gains Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Freddie Mac GSE Quarterly Earnings Report Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Foreclosure Inventory Drops by One-Third, Still Elevated Next: Woodward Asset Capital Acquires Homesource Realtors Subscribe Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Freddie Mac GSE Quarterly Earnings Report 2014-02-28 Tory Barringer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 28, 2014 697 Views The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

a360inc adds C-Suite Talent to Help Deliver Industry-Changing Initiatives

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Joey Pizzolato Demand Propels Home Prices Upward 2 days ago Previous: Opportunity and Risk in Maryland’s Fast Track Foreclosure Process Next: Rude Awakening: Is Homeownership Still Part of the American Dream? Sign up for DS News Daily a360 Rich Owens Richard Leurig 2017-07-06 Joey Pizzolato Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Demand Propels Home Prices Upward 2 days ago July 6, 2017 1,197 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago in Featured, Headlines, News Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: a360 Rich Owens Richard Leurig The Best Markets For Residential Property Investors 2 days ago a360inc adds C-Suite Talent to Help Deliver Industry-Changing Initiatives  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Featured / a360inc adds C-Suite Talent to Help Deliver Industry-Changing Initiatives a360inc recently announced the additions of new CIO, Richard Leurig, and new CMO, Rich Owens. Leurig and Owens will help lead the entire a360 family of companies, including Firm Solutions, C2C Title Services, and Blue Ribbon Legal.Focused on acquiring and building innovative new solutions, a360 is on the verge of redefining how technology and strategic outsourcing are used in the financial services, real estate, and legal industries. as CIO and CMO, respectively, which currently include“We’ve expanded our executive talent and we’re excited about what these two veterans bring to the table for a360,” said Scott Brinkley, CEO of a360inc. “Needless to say, expertise in educating the market and expertise in actionable-delivery of game-changing technology are valuable commodities in this industry, and with these additions we’ve now positioned ourselves for success.”As CIO of a360inc, Leurig will manage strategic software delivery and support for all technology solutions. This includes existing products and new technology solutions designed to meet the demands of the next-generation of financial services, real estate, and legal industries. Prior to joining a360, Leurig was a SVP at CoreLogic, where he launched the Innovation Development Center and established a standardized product delivery platform for CoreLogic Data and Analytics solutions.“I’ve seen many companies at various stages in my career. a360 is on the verge of transforming how compliance and process-laden industries will be able to adapt to change and not only survive, but excel,” said Leurig. “The vision, strategic acquisitions and a360’s potential of radically changing things made the decision to join easy.”Rich Owens, CMO, has over 20 years of marketing expertise after managing the strategic marketing initiatives for VRM Mortgage Services, prior to which he served as Director of Product Development and as a Director of Marketing at CoreLogic. In his new role, Owens will define strategy and the go-to market branding to introduce a360’s next-generation solutions for the industry.“I’m excited to be a part of the visionary role that a360 is taking,” said Owens. “As a marketer, opportunities to join companies that want to redefine an industry and to be able to help tell that story is tremendous. It’s an exciting new venture with amazing possibilities.”last_img read more