Fannie Mae reports $2.2B gain in 2Q
Photo credit: AP, 2011 | Mortgage giant Fannie Mae earned $2.2 billion from April through June, 2012, its second quarterly gain in net income since being taken over by the government during the 2008 financial crisis.
WASHINGTON -- Mortgage giant 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.
The mortgage giant attributed the increase to improving home prices and fewer foreclosures. And it said Wednesday that it was paying $2.9 billion to the Treasury Department, its second straight...
