Fannie Mae Posts $2.2 Billion Net Gain for Second Quarter
HUFFINGTON POST / AP: …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 quarterly dividend.
Fannie’s net income attributable to common shareholders was 37 cents per share in the second quarter. That compares with a net loss of $5.2 billion, or 90 cents per share, in the same period last year.
“We think home prices have stabilized,” Fannie President and CEO Timothy Mayopoulos said in an interview on CNBC… (more)