Fannie Mae and Freddie Mac third quarter results are in
Mortgage giants delivers Q3 financial results
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Mortgage giants delivers Q3 financial results
The government-sponsored enterprise put more money aside as mortgage interest rates rise and home prices start to decline.
Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses that could result from falling home prices.
Fannie Mae announced a pilot rollout of a new special-purpose credit program, while Freddie Mac said it is expediting review of similar new programs from lenders during the Mortgage Bankers Association conference this week.
Freddie Mac's new program encourages property owners to report timely payments to major credit bureaus.