Fannie Mae posts $10.1B net income for 2Q
WASHINGTON (AP) -- Mortgage giant Fannie Mae earned $10.1 billion in the second quarter, aided by the recovery in the housing market. The government-controlled company has turned a profit in each of the past six quarters.
Fannie said Thursday it will pay a dividend of $10.2 billion to the U.S. Treasury next month and requested no additional federal aid.
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