Fannie Mae posts record first-quarter net income

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WASHINGTON — Mortgage giant Fannie Mae earned a record $58.7 billion from January through March, benefiting from a one-time accounting move that allowed the company to lower its tax liability.
Fannie reported Thursday that $50.6 billion of its first-quarter net income came in part from losses on delinquent mortgages… …read more
Source: NY Post

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