Fannie Mae posts record annual profit of $17.2B

Blog by Brad Herman | April 4th, 2013

Mortgage finance giant Fannie Mae, helped by the U.S. housing market's continued recovery, posted an $17.2 billion US annual profit for 2012 on Tuesday, its largest ever yearly gain and its first in six years.
Fannie Mae and its smaller sibling company Freddie Mac are returning to health as home prices have leveled off and mortgage delinquencies have dampened. Last month, Freddie posted an $11 billion record profit for 2012. Fannie's 2012 profit compares with a year-earlier loss of $16.9 billion.
http://www.bnn.ca/News/2013/4/2/Fannie-Mae-posts-record-annual-profit-of-172B.aspx#.UV2A48sZZrI.facebook

Cell: 403.815.5375
Office: 403.271.0600
bherman@cirrealty.ca

CIR REALTY South
703 64 Ave SE #130,
Calgary, AB T2H 2C3

The Trademarks REALTOR®, REALTORS® And The REALTOR® Logo Are Controlled By The Canadian Real Estate Association (CREA) And Identify Real Estate Professionals Who Are Members Of CREA. Used Under License. The Trademarks MLS®, Multiple Listing Service® And The Associated Logos Are Owned By The Canadian Real Estate Association (CREA) And Identify The Quality Of Services Provided By Real Estate Professionals Who Are Members Of CREA. Used Under License.

Fannie Mae posts record annual profit of $17.2B

Archives

Categories