Seeking Alpha

Fannie Mae net income of $5.3B; expects to remain profitable

  • Fannie Mae (FNMA) Q1 net income of $5.3B vs. $5.7B in Q4, and includes $4.1B in revenue from legal settlements.
  • Expected $5.7B dividend payment to Treasury will bring total to $126.8B vs. $116.1B in draws.
  • "Fannie Mae expects to remain profitable for the foreseeable future," but annual net income going forward should be "substantially lower" than 2013.
  • Press release
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