Fannie Mae reports a $2.7B profit in Q1. Toss in appreciation of its securities holdings and it...

|About: Fannie Mae (FNMA)|By:, SA News Editor

Fannie Mae reports a $2.7B profit in Q1. Toss in appreciation of its securities holdings and it rises to $3.1B - more than the $2.8B dividend payment due to Treasury - meaning the GSE doesn't have to draw public funds for the 1st time since 2008. Mortgages acquired by Fannie in Q1 averaged a 763 FICO score and a LTV of 70%. The world has changed.