After experiencing a $191 million loss from continuing operations for the 2014 year, PHH Corporation was able to make a complete turnaround for the first quarter. The company managed to wrap up Q1, ending March 31, 2015, with a net income of $21 million.
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Fannie Mae reported a net income of $1.9 billion for the first quarter of 2015, up from $1.3 billion from the previous quarter, according to Fannie Mae's Q1 2015 financial results released Thursday. The primary driver of the nearly 50 percent quarter-over-quarter increase in net income was lower fair value losses for Q1, according to Fannie Mae's announcement.
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Freddie Mac will be reporting its financial results for the first quarter of 2015 on Tuesday, May 5, according to an announcement from the GSE. The results will be announced before the U.S. financial markets open via a conference call at 9 a.m. Eastern time on Tuesday, May 5.
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