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Fannie earns $17.2B in 2012

Biggest annual profit in mortgage giant’s history

WASHINGTON — Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant’s history, helped by a record fourth quarter. The 2012 gain was driven by the housing recovery, which has reduced delinquencies and lifted home prices six years after the bubble burst. The government-controlled company also said Tuesday that it ...