Thursday , 1 October 2020

Fannie Mae Reports Net Income of $1.9 Billion for Q1

By Brian Honea

Fannie Mae’s comprehensive income for Q1 was reported at $1.8 billion, up from $1.3 billion in Q4. The Enterprise reported a net worth of $3.6 billion as of the end of Q1, which will result in a payment of $1.8 billion to the Department of Treasury in June per the terms of a 2012 amendment to the 2008 bailout agreement. Following the forthcoming June payment, Fannie Mae will have paid $138.2 billion in dividends to Treasury – about $22.1 billion more than the $116.1 billion bailout Fannie Mae received from taxpayers in 2008 to continue operations.

The post Fannie Mae Reports Net Income of $1.9 Billion for Q1 appeared first on DSNews.

Via:: Fannie Mae Reports Net Income of $1.9 Billion for Q1

      

Comments

About DS News

DS News

Check Also

Perfect Storm For Home Prices; Will Low Rates Care About The Debate?

The average mortgage lender continues to offer top tier conventional 30yr fixed rates in the …