Which was elevated so you can $200 mil, and to go out, the Government Put aside has bought $105 mil for the Fannie, Freddie, and you may Government Home loan Financial cards
I have already mentioned the new $167 billion PLS book, and this through the very first one-fourth has generated $69 million in OTTI and you may sector losings. FHFA is closely enjoying the newest Enterprises’ management of borrowing exposure in this ecosystem. (Fall 13) It is vital that the brand new Companies set aside adequate loss supplies plus the last year the loss reserves features continued so you’re able to increase by more their borrowing losses, broadening the newest gap between them. Fannie Mae’s allotment to have losses reserves is $42 million at the end of the first one-fourth and you can Freddie Mac’s is actually $23 mil. Continue reading “Even as we all today learn, some home loan property just weren’t safe and the credit exposure they took on try high”

