Posted To: MND NewsWireEach of the GSEs have posted strong financial results for the second quarter of 2021. Both Freddie Mac and Fannie Mae more than doubled their net income compared to a year earlier while Fannie Mae also set a record for single family home purchase acquisitions. Freddie Mac’s net income was $1.9 billion higher than in the second quarter of 2020, rising to $3.68 billion from $1.78 billion. The 107 percent increase was driven by higher net interest income ($4.77 billion compared to 2.88 billion) higher average guarantee fee rates on the Single-Family mortgage portfolio, and higher deferred fee income recognition. Net revenues increased 41 percent to $5.87 billion and credit related income was $0.2 billion compared to a $0.7 billion expense in the second quarter of last year thanks to a reserve…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.