Fannie Mae managed to post a first-quarter net income of $1.1 billion, faring better than most others in the industry that posted a net loss due to the first quarter’s historically low interest rates. Timothy Mayopoulos, president and CEO of Fannie Mae, said, “The changes we have made to the company have put us in a stronger position to fulfill our responsibility to deliver safe, affordable mortgage financing for our customers, in all markets at all times.”
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