In Mae 2007 pure loss of Fannie has made $2,05 billion
28 February 2008In 2007 pure loss of the largest hypothec company of USA Fannie Mae has made 2,05 billion dollars against net profit at the rate of 4,06 billion dollars in 2006. The proceeds of the company for the specified period have decreased on 7 % - since 11,79 billion dollars up to 10,99 billion dollars. Such data has been represented in the report of the company published on February, 27th.
in IV quarter 2007 pure loss of the company has made 3,56 billion dollars in comparison with net profit at the rate of 604 million dollars. The proceeds of the company for the specified period have grown on 9 % - since 2,84 billion dollars up to 3,09 billion dollars. As of December, 31st, 2007, actives of the company have made 882,55 billion dollars, what is on 4,5 % more than 843,94 billion dollars, received the year before.
Results of financial activity of the company have appeared below analysts’ forecasts. The company explains deterioration of financial parameters by decrease of cost of urgent contracts on 3,2 billion dollars and write-offs under credits for 2,9 billion dollars Fannie Mae expects for preservation of the tendency to decrease in average cost of houses in the USA and also the further increase of quantity of the delayed payments.
Fannie Mae (Federal National Mortgage Association) is the state agency, created for increase of volumes of mortgage financing.
