Fannie Mae net income retreats to $2.4B in Q1

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Fannie Mae reported Wednesday it posted a comprehensive income of $2.4 billion in the first quarter of 2019, according to the company’s quarterly earnings report. Overall, through its purchases and guarantees of mortgages, Fannie Mae financed 527,000 home purchases, refinancings or rental units this quarter.

Fannie Mae reported Wednesday it posted a comprehensive income of $2.4 billion in the first quarter of 2019, according to the company’s quarterly earnings report. The first quarter’s income is down from the fourth quarter’s $3.2 billion, and also sits below the first quarter of 2018 when Fannie also saw a comprehensive income of $3.2 billion.

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WASHINGTON (dpa-AFX) – Fannie Mae (FNMA.OB) reported that its net income attributable to common stockholders for the first quarter of 2018 was $3.32 billion or $0.56 per share, compared to a

Fannie mae net income retreats to $2.4B in Q1 Fannie Mae net income retreats to $2.4B in Q1 – HousingWire. Strong Fannie/Freddie Earnings Mean Another $4.1 Billion for taxpayers mortgage news daily The government sponsored enterprises (gses) fannie mae and Freddie Mac released their first quarter financial results on Wednesday.

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Fannie Mae expects to pay a $2.4B dividend to the U.S. Treasury by June 30, down from the $3.2B from Q4’s sweep.Q1 net income of $2.36B compares with $3.23B in Q4 2018, driven primarily be lower.

The company’s net income came in at $2.4 billion this quarter, down from $3.2 billion last quarter and $4.3 billion in the first quarter of 2018. Fannie Mae also announced it provided $102 billion in liquidity to the mortgage market in the first quarter, falling from $122.5 billion last quarter and $124 billion in the first quarter of 2018.

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Fannie Mae reported Wednesday it posted a comprehensive income of $2.4 billion in the first quarter of 2019, according to the company’s quarterly earnings report.

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