Friday, May 5, 2017

Interest rates slightly dent Fannie Mae's first quarter profits

Fannie Mae started off the year off profitable but still struggled to compete with the gains witnessed at the end of 2016. According to its first-quarter earnings, Fannie Mae’s net income came in at only a little more than half of what it posed in the fourth quarter. Regardless, the government-sponsored enterprise expects to pay Treasury a $2.8 billion dividend in June 2017.

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