Tag Archives: Q3 Earnings

In Q3 2017 Fannie Mae transitioned its business from mortgage portfolio focus to guaranty focused. While the GSE had some of its credit-related expense eased by a recent legal settlement, see why net income dropped during the quarter.

It has been a tumultuous week for Wells Fargo that included a leadership change at the top. It remains to be seen how these changes will affect Q4 profits, but as for Q3, the bank turned in a solid report.