The Week Ahead Freddie Mac to Release Q1 Financial Results

first_img Share Financial Results Freddie Mac 2017-04-30 Seth Welborn The Week Ahead: Freddie Mac to Release Q1 Financial Results On Tuesday at 9 a.m. EST, Freddie Mac will hold a conference call to discuss its Q1 2017 financial results. The call will be webcast on the Freddie Mac website as well, and will be replayable for approximately 30 days following the event.All materials related to the call will be available on the Investor Relations page of the company’s website.Freddie Mac’s previous results, for Q4 2016, showed a net interest income of 14.4 billion for the full year, down 4 percent year-over-year. Q4 alone had a comprehensive income of $3.9 billion, almost half of the full year comprehensive income of $7.1 billion. This was a $1.6 billion increase in comprehensive income for the quarter.Also, this week, congress will vote on a federal funding bill. On Friday, Congress extended the funding deadline for another week with a vote of 382-30, avoiding a government shutdown over the weekend. The Associated Press (AP) stated that Congress plans on passing the complete funding package sometime this week, which will finance the federal government $1 trillion through September 30, the end of the fiscal year.“We’re willing to extend things for a little bit more time in hopes that the same sort of progress can be made,” Senate Minority Leader Charles E. Schumer (D-New York) told The Washington Post on Friday morning.A government shutdown would have slowed the mortgage process and even prevented some buyers from closing, as access to tax information and social security would have been halted during the shutdown.This Week’s ScheduleCensus Bureau Construction Spending report for March, Monday, 10:00 AM ESTAEI National and State Mortgage Risk Indices Update Conference Call, Monday, 11 a.m. ESTCollingwood Managing Director Tom Booker joins Jim Bohannon Radio show, Monday, 11 p.m. ETFederal Reserve Financial CHOICE Markup, Tuesday, 10 a.m. ESTMBA Mortgage Applications, Wednesday 7 a.m. ESTFreddie Mac Weekly Mortgage Survey, Thursday, 10 a.m. ESTcenter_img April 30, 2017 537 Views in Daily Dose, Government, Headlines, Newslast_img

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