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
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