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Tag Archives: Fannie Mae

Fannie Mae posts $2B profit for 3Q

WASHINGTON — Mortgage giant Fannie Mae reported net income of $2 billion for the July-September period, down from $3.9 billion a year earlier. The government-controlled company attributed the third-quarter decline in profit mainly to losses on the investments it uses ...

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Fannie Mae posts $4.6B profit in 2Q

Fannie-Mae-FEAT

WASHINGTON — Mortgage giant Fannie Mae reported net income of $4.6 billion from April through June, up from $3.7 billion a year earlier. Rising interest rates enabled Fannie to post gains on the investments it uses to hedge against swings ...

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Fannie, Freddie post solid earnings for 1Q

WASHINGTON (AP) — Government-controlled mortgage financers Fannie Mae and Freddie Mac posted solid earnings for the January-March period as the U.S. housing market continued to recover. Gains over recent quarters have enabled the companies to fully repay their taxpayer aid ...

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Fannie, Freddie post strong earnings for 3Q

WASHINGTON — Fannie Mae and Freddie Mac posted strong earnings for the July-September period as the housing market continued to recover. The gains will enable the mortgage giants to finish repaying their taxpayer aid or come close to doing so ...

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Fannie Mae posts $10.1B net income for 2Q

WASHINGTON — Mortgage giant Fannie Mae earned $10.1 billion in the second quarter, aided by the recovery in the housing market. The government-controlled company has turned a profit in each of the past six quarters. Fannie said Thursday it will ...

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Citigroup agrees to pay $968M to Fannie Mae

NEW YORK — Citigroup has agreed to pay $968 million to Fannie Mae to resolve potential future repurchase claims on residential mortgage loans originated between 2000 and 2012. A sizable group of the loans were originated during the U.S. housing ...

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Record profit signals healthier Fannie Mae

In this 2011 file photo, the Fannie Mae headquarters is seen in Washington. Fannie Mae earned earned a record $58.7 billion profit in the January-March quarter and said it’s on the cusp of repaying taxpayers for the most expensive bailout of a single company in the financial crisis. AP Images

WASHINGTON — Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March quarter. And it made clear it’s on the cusp of repaying taxpayers for the ...

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Fannie earns $17.2B in 2012

The Fannie Mae headquarters in Washington. AP Images

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 ...

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NY attorney general joins call for changes at FHFA

New York Attorney General Eric T. Schneiderman and Massachusetts Attorney General Martha Coakley are leading a nine-state coalition demanding new, permanent leadership at the Federal Housing and Finance Agency, the agency that oversees Fannie Mae and Freddie Mac. In a ...

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