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.