Fannie Mae made a profit of more than $10 billion in the last quarter, and will write a check to the government for the same amount. Yesterday, Freddie Mac reported its second best quarter ever. In this report for NBR, Diana Olick looks at what’s driving profits and why President Barack Obama wants to phase them out.
Hot Topics
-
Hosts
About NBR
“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.Top Stories from CNBC
- Bitcoin tumbles below $30,000, extending its plunge to start 2021
- 'No Time to Die,' 'Ghostbusters: Afterlife,' 'Uncharted' among latest Hollywood film delays
- Alphabet cancels Loon, project to beam internet to earth from balloons
- Johnson & Johnson plans to have 100 million vaccines for Americans by spring, board member says
- Biden is already facing pressure to scale back his $1.9 trillion Covid relief plan
NBR on Twitter
My TweetsNBR on Facebook
Subscribe to RSS