Mortgage And Real Estate News

Thursday, August 4, 2016

Fannie Mae posts $2.9B profit in 2Q; paying $2.9B dividend

FILE – In this Nov. 20, 2013, file photo, the sun sets behind the Fannie Mae headquarters in Washington. (AP Photo/J. David Ake, File)

WASHINGTON (AP) — Fannie Mae reported net income of $2.9 billion from April through June, down from a year earlier as low interest rates brought losses for the mortgage giant on its investments.

The second-quarter results released Thursday marked the 18th straight profitable quarter for the government-controlled company.

Read more...Fannie Mae posts $2.9B profit in 2Q; paying $2.9B dividend | The Seattle Times

Reuters: Business News

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