News Summary: Fannie posts $1.8B net income in Q3

Associated Press Published: November 7, 2012
Advertisement
;

HOW FANNIE MAE DID: Mortgage giant Fannie Mae earned $1.8 billion from July through September, helped by an improving housing market that has lifted home prices.

NO MORE AID, THANKS: Fannie said it paid a dividend of $2.9 billion to the U.S. Treasury and requested no additional federal aid.

BIGGEST BAILOUT: Taxpayers have spent about $170 billion to rescue Fannie and smaller sibling Freddie Mac, the costliest bailout of the 2008 financial crisis.



Trending Now


AROUND THE WEB

  1. 1
    Four-Time Deportee Arrested For Allegedly Molesting Young Girl In Texas
  2. 2
    Islamic State leader Abu Bakr al-Baghdadi formerly a U.S. captive - Washington Times
  3. 3
    9-year-old girl dies from brain-eating amoeba after swimming
  4. 4
    Did Pope Francis really tell a 90-year-old atheist journalist that 1 in 50 priests are pedophiles?
  5. 5
    Facebook and Twitter won the World Cup Final
+ show more