Sammy boy
46 minutes ago
I put a lot of faith in Navy, my predictions are pure speculation but when your glued to this stock as much as I am itβs almost predictable.
Honestly, its becoming harder with all the players and pieces lining up.
I think if or when they do go to the big board the gap will close by 20 cents.
Iβm 70/30 FNMA to FMCC and I have been day trading with 50k with FMCC only with these swings, Iβm up a little over 9K doing this.
I bought some URA too last Friday at $28.01, Govt insiders on this. Also, own SPYI for high dividend. Picked up $505 last month on 40K.
Iβm kicking myself for not buying INTC, smart guy on X recommend this in the 19 range. Itβs up $7 in last 3-4 weeks.
GL
trunkmonk
5 hours ago
Key thing is that Treasury cannot blank check things to Obama care, Hud, illegals like they did for Trillions to date. DOGE found exactly how Treasury was taking GSE money and channeling it without have to mark a TAS code to it. open checkbook to whomever wanted it. Steve Mnuchin should be worried, very worried. SS is next, they gave trillions to who, illegals. lets hope they can find a way to trace funds. Worst case do a claw back, best case SM in jail.
Louie_Louie
6 hours ago
Soverign Wealth Fund might be a good idea now, but when a bunch of folks from the opposite party get in as the majority, they will try to liquidate and use as their own piggy bank, at minimum they will try to steal what they can. Social Security is a prime example. It was supposed to provide for one thing/purpose. It currently provides for nummerous things that it was not intended to and has been tapped by various administrations as a bail out vehicle.
SWF is a bad idea in this country due to the overwhelming bad moral hazzard, decay of this countries politicians morals and honor. Examples: Lamberth, SCOTUS, Federal and other justices using their position to run government and not determine the law, many politicians to numerous to list. The fact that we allow lobbiests to control our elected officials. Then there's numerous other reason like manipultaion of stock values due to governments positions. It's an all around bad idea.
nagoya1
5 days ago
MacLean, VA β Freddie Mac (OTCQB: FMCC) today reported net income of $3.2 billion for the fourth quarter of 2024, an increase of 11% year-over-year, primarily driven by higher net revenues, partially offset by a provision for credit losses in the current period compared to a benefit for credit losses in the prior period.
Net revenues were $6.3 billion for the fourth quarter of 2024, up 18% year-over-year, primarily driven by higher net interest income and higher non-interest income. Net interest income for the fourth quarter of 2024 was $5.1 billion, up 6% year-over-year, primarily driven by continued mortgage portfolio growth and lower funding costs due to increasing net worth. Non-interest income for the fourth quarter of 2024 was $1.3 billion, compared to $0.6 billion for the fourth quarter of 2023, primarily driven by an increase in net investment gains.
Provision for credit losses was $0.1 billion for the fourth quarter of 2024 compared to a benefit for credit losses of $0.5 billion for the fourth quarter of 2023.
Full-Year 2024 Financial Results
Freddie Mac reported net income of $11.9 billion for full-year 2024, an increase of 13% year-over-year, primarily driven by higher net revenues, partially offset by a credit reserve build in Single-Family in the current period compared to a credit reserve release in Single-Family in the prior period.
Net revenues were $23.9 billion for full-year 2024, up 13% year-over-year, driven by higher net interest income and higher non-interest income. Net interest income for full-year 2024 was $19.7 billion, up 6% year-over-year, primarily driven by continued mortgage portfolio growth and lower funding costs due to increasing net worth. Non-interest income was $4.2 billion for full-year 2024, up 55% year-over-year, primarily driven by an increase in net investment gains.
Provision for credit losses was $0.5 billion for full-year 2024, primarily driven by a credit reserve build in Single-Family attributable to new acquisitions. The benefit for credit losses of $0.9 billion for full-year 2023 was primarily driven by a credit reserve release in Single-Family due to improvements in house prices.
Bullish
Bullish
Thursday, February 13, 2025 8:05:13 AM
Post#817451 of 817451
Boooom ! Freddie Mac Fourth Quarter and Full-Year 2024 Financial Results
navycmdr Re: None
February 13, 2025