Type to search

News

Fannie Mae income up

Avatar photo
Share

Fannie Mae reported net income of $2.9 billion for the second quarter, higher than last quarter.

The agency said the increase was primarily due to lower fair-value losses in the second quarter, driven by smaller decreases in long-term interest rates and higher credit-related income due to more prepayments, increasing home prices and fewer foreclosed properties.

Fannie Mae said it expects to pay $2.9 billion in dividends to the U.S. Treasury in September.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.

Tags:

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Premier Digital Partners

© 2024 Delaware Business Times

Important notice for access to your Delaware Business Times “Insider” content

Flash Sale! Subscribe to Delaware Business Times and save 50%.

Limited time offer. New subscribers only.

Limited time offer. New subscribers only.

SUMMER FLASH SALE!

Subscribe to Delaware Business Times and save 50%