Loading…
Sunday, May 19, 2013
Current Weather
Loading Current Weather....
Published: 8/9/2012

Fannie Mae earns $2.2B from April through June

BLADE STAFF AND NEWS SERVICES

WASHINGTON -- Fannie Mae earned $2.2 billion from April through June, its second quarterly gain in net income since being taken over by the government during the 2008 financial crisis.

Fannie said Wednesday it paid a dividend of $2.9 billion to the Treasury Department and sought no additional aid.

The company received about $116 billion, the most expensive bailout of a single company. It has so far repaid about $26 billion.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories




Poll