Real Estate Articles

Boston Herald

Fannie's record profit a symbol of housing rebound

April 2, 2013

WASHINGTON ? Home prices are up. Foreclosures are down. Construction is up. And now comes the latest sign of the U.S. home market's revival: Fannie Mae, the mortgage giant that nearly collapsed five years ago, has earned its biggest yearly profit ever.

Fannie Mae earned $17.2 billion last year and said Tuesday that it expects to stay profitable for "the foreseeable future." It also paid $11.6 billion in dividends to the U.S. Treasury in 2012.

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

More From Real Estate Articles

  • Baltimore offers $10,000 incentive to buyers of formerly vacant rehabs
  • Dream Home: Creating an Ocean City oasis
  • Glenn Beck Takes it to Texas
  • 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