Real Estate Articles

Boston Herald

Fannie earns $17.2B in 2012, biggest annual gain

April 2, 2013

WASHINGTON ? Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, helped by a record fourth quarter. The 2012 gain was driven by the housing recovery, which has reduced delinquencies and lifted home prices six years after the bubble burst.

The government-controlled company also said Tuesday that it paid dividends of $11.6 billion to the U.S. Treasury in 2012. Fannie says it expects to remain profitable "for the foreseeable future."

Read entire article on Boston Herald
« Previous Article Next Article »

More From Real Estate Articles

  • Real Estate Wonk: The ZIP code with 500 homes for sale
  • Green homes tax credit lauded at hearing
  • Chris Brown Snag Sexy New Crib in Hollywood Hills
  • Write a Story/Review about this topic

    Post a Comment

     

    Best of Luxury

    Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
    View All Best of Luxury
    THINGS WE LIKE