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28 FANNIE TOPS INDUSTRY CHART WITH IMPRESSIVE GAINS Fannie Mae released its second-quarter earn- ings in August, which boasted industry-high increases. e Government-Sponsored Enter- prise reported $3.2 billion in net income, and $3.1 billion in comprehensive income. is sum is approximately $500,000 greater than the recorded income for the first quarter of 2017, which was $2.8 billion. e GSE attributes this boost in income to credit-related revenue, as well as to a shift to investment gains as opposed to investment losses Fannie saw in the first quarter. Further, its con- tribution to the Treasury in the form of dividends amounted to $2.8 billion for the month of June. rough the second quarter of the year, Fannie Mae has paid a total of $162.7 billion to the Trea- sury in dividends and expects to pay an additional $3.1 billion this month, if the Federal Housing Finance Agency (FHFA) calls in a dividend. Fannie Mae, in addition, provided $135 billion of liquidity to the mortgage industry in an at- tempt to enable families to buy, refinance, or rent homes, making them the largest provider in the industry. e lender has also made an exceptional business change in the last three months in transitioning from a portfolio-based business to a guaranty-focused business—the latter has accounted for 75 percent of the company's net income for the first half of 2017. It estimates the figure will continue to increase through the rest of the year as it works to reduce its retained mortgage portfolio. Fannie Mae continues to contribute to the housing finance system by reducing risk to lend- ers and making long-term fixed-rate mortgages accessible to people across the country. e GSE pledges to continue to increase its role in credit risk transaction. As of June 30, Fannie covered nearly $798 billion of unpaid principal balance in single-family mortgages, which accounts for 28 percent of the loans in its guaranty book of business. VALUE ADDED SERVICES Property Maintenance Cleaning Services Landscaping Pools: Service/Repair 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 Appliances Investor Services Property MGMT Services Builder's Warranty Services Emergency Services Board Up/Roof Tarp Insurance Restoration Water Mitigation/Fire Demo's Service areas inclusive of, but not limited to: TX, OK, TN, GA, MS, LA, AR, AL, Truly Noble Services, Inc. | www.trulynobleservices.com | (855) 898-2455 We've honed our skills for over 25 + years as a leading services provider in property preservation, rehabs, and repairs. Our commitment to bringing quality and consistency of services to the forefront shows in our dedication to training and constant technology updates to ensure our customers that we will be there for future support in services. All this commitment has laid the foundation for our long term success. From real estate agents to corporate clients who need anything from property maintenance to remodeling, we will show you why Truly Noble Services has earned the reputation as the service provider of choice. Where Servicing and Property Services Meet PROUD TO BE A VETERAN OWNED AND OPERATED BUSINESS American Mortgage Diversity Council Where Diverse Groups Share Common Goals. VISIT US AT BOOTH 308 DURING THE 2017 FIVE STAR CONFERENCE AND EXPO P R O U D S U P P O R TE R S E P T E M B E R 1 9 T H , 2 0 1 7 S E P T E M B E R 2 0 T H , 2 0 1 7 P R O U D S U P P O R TE R The percentage of firms that believe competition will increase in the next year from nontraditional market participants. Source: NAR 2017 Profile of Real Estate Firms STAT INSIGHT 50%