Fannie Mae to sweep $3.4B to U.S. Treasury

|About: Federal National Mortgage A... (FNMA)|By:, SA News Editor

Fannie Mae (OTCQB:FNMA) expects to pay a $3.4B dividend to the U.S. Treasury by Sept. 30, 2019; through Q2 2019, Fannie has paid $181.4B in dividends to the Treasury.

Q2 net income of $3.4B increased from $2.4B in Q1, driven by increases in credit-related income, net interest income and investment gains during the quarter.

Net worth of $6.4B as of June 30, 2019.

Q2 net revenue of $5.4B increased from $5.0B in Q1.

Q2 net interest income of $5.15B vs. $4.73B in Q1.

Q2 net investment gains of $461M vs. $133M in Q1.

Q2 total credit-related income of $1.10B vs. $510M in Q1.

Previously: Federal National Mortgage Association beats on revenue (Aug. 1)

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