Finance Info Blog Mortgage and Financial information

8Aug/130

Fannie Mae sending $10.2 billion to taxpayers as profit swells

WASHINGTON - Fannie Mae , the largest U.S. mortgage finance company, said on Thursday its second-quarter profit nearly doubled to $10.1 billion, triggering another big payment to the U.S. Treasury that could complicate the debate over revamping Fannie and its smaller sibling, Freddie Mac.

reuters.com

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