By Jann Swanson
Posted To: MND NewsWire
Like Freddie Mac, Fannie Mae has also reported a profitable fourth quarter of 2014 and a profitable year. The company had both net and comprehensive income for the quarter of $1.3 billion and for the year a net of $14.2 billion and comprehensive income of $14.7 billion. Comparing the year’s total results with those of 2013 was, as with Freddie Mac’s revenues, virtually meaningless as a large portion of the 2013 net of $84 billion and comprehensive income of $84.8 billion resulted from a one-time release of the company’s valuation allowance against its deferred tax assets. Fannie Mae paid a total of $20.6 billion in dividends to Treasury in 2014 and expects to pay an additional $1.9 billion in March 2015, fringing the company has paid to $136.4 billion . Dividends do not reduce prior Treasury…(read more)
Via:: Not to be Outdone; Fannie Profits Bring Dividend Total to $136.4 Billion
