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Fannie Mae’s New CEO: ‘Comfortable’ With Decision Not to Slash Mortgage Balances
Fannie Mae is no longer bleeding cash, at least for now. After devastating losses since 2008, the mortgage giant reported its second straight quarter of positive net income, even after making a $2.9 billion dividend payment to the U.S. Treasury. … Continue reading
Posted in Denver Real Estate News
Tagged 1 Billion, Balance Sheet, Bottom Line, Cnbc, Dividend Payment, Fannie Mae, First Quarter, Foreclosures, Guaranty, Housing Market, Improvements, Improving Home, Loan Loss Reserves, Mortgage Delinquencies, National Housing, Net Income, Second Quarter, Single Family, Straight Quarter, U S Treasury
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