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26 FREDDIE MAC REPORTS CONTINUED QUARTERLY GAINS Freddie Mac released its quarterly earnings report for the end of 2013, revealing yet another strong quarter—the ninth straight. Net income at the enterprise totaled $8.6 billion in Q 4, bringing total 2013 profits up to $48.7 billion. According to the company, full-year earnings were spurred by the ongoing housing recovery, legal settlements totaling $7.7 billion, and a tax benefit of $23.3 billion— meaning these levels of earnings won't be sustainable over the long term. For all of 2013, Freddie Mac reported providing liquidity for 1.6 million refinances; 515,000 home purchases; and 388,000 multifamily rental units. e company also reported nearly 168,000 total foreclosure avoidance actions, about half of which were loan modifications. Freddie's dividend payment to Treasury will come to $10.4 billion, bringing its total government payments up to $81.8 billion, well above the $71.3 billion the company received in its crisis-era bailout. Per the GSEs' respective agreements with Treasury, each enterprise will continue to make payments despite having made taxpayers whole. e latest earnings report comes one week after Fannie Mae revealed full-year earnings of $84 billion, including $6.5 billion in Q 4. Like Freddie, Fannie benefited largely from one-time factors and "does not expect to repeat its 2013 financial results." e fourth-quarter reports create more questions regarding the government's plan to reform housing finance and reduce its role in the market. While policymakers have pushed on a few plans to wind down the GSEs and restore private liquidity, neither the House nor the Senate have moved the ball forward meaningfully on reform. And with time running by on the 113th Congress, that chance may slip until next year, say former senators George Mitchell and Mel Martinez, who, as co-chairs for the Bipartisan Policy Center's Housing Commission, were among the first last year to propose eliminating Fannie and Freddie in favor of the backstop of a "limited government guarantee." "While there are significant differences among the various reform approaches, these differences are not insurmountable," the two write in a blog post for e Hill. "With the legislative clock ticking away, it would be unfortunate if all the momentum that has been generated for reform were squandered through inattention, lack of focus, or broader politics." www.results-software.com powered by: Property Maintenance Cleaning Services Landscaping Pools: Service/Repair/ Maintenance Rehabs Tree Removal Remodels Plumbing Services Electrical Garage Doors Repair Services Eviction / Re-Key Services Foundations Interior & Exterior Painting Flooring Sales & Installation Roofing A/C & Heat Pest Control Our beginnings date back to 1989 when James and Brenda Easley established Truly Noble Services as a carpet cleaning company. Truly Noble began by providing services to apartment properties, property management entities and individuals. Soon our services and branding began to grow from that Carpet Cleaning Company to include Real Estate Agents, Corporate Clients, Outsource Companies, 203K repairs for Buyers and Property Management of your preservation or repairs on occupied properties. Today we now offer a full service and turnkey operation of the items listed below: Where Servicing and Property Services Meet Service areas inclusive of, but not limited to: TX, OK, TN, GA, MS, LA, AR, AL, MO, KS Truly Noble Services, Inc. | www.trulynobleservicesinc.com | (855) 898-2455 29 of the 30 largest banks subjected to a stress test have sufficient capital to withstand a deep recession while continuing to pay dividends according to the Federal Reserve. KNOW THIS