REACH THE RIGHT SOLUTION AT THE RIGHT TIME!
Contact NMSI
Welcome to Nationwide Management Services, Inc. Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
CONTACT US
 

Rates Are Low, But They Should be Lower; Fannie Profit Plummets; Forbearance Fears Confirmed

Rates Are Low, But They Should be Lower; Fannie Profit Plummets; Forbearance Fears Confirmed

Given their respective sizes, the economic dislocation created by the COVID-19 pandemic appears to have hit Fannie Mae harder than its competitor GSE Freddie Mac. Fannie Mae said on Friday that it had total comprehensive income of $0.476 billion in the first quarter of 2020, down from $4.266 billion the previous quarter. Freddie Mac, while down significantly, managed comprehensive income of $0.62 billion, compared to $2.430 billion in the fourth quarter of 2019. The company said the decrease in net income was due primarily to a shift from credit-related income to credit-related expense. It increased its allowance for loan losses to reflect those it currently expects to incur, including 4.1 billion attributed to the COVID-19 outbreak reflected in its $2.7 billion of credit-related expenses for
No Comments

Sorry, the comment form is closed at this time.