Fannie Mae posts $3.9b profit in 3Q

MORTGAGE giant Fannie Mae is reporting net income of $US3.9 billion ($A4.22 billion) for the July through September period.

IT was the 11th straight profitable quarter for the government-controlled company. But the third-quarter profit was down 55 per cent from $US8.7 billion a year earlier.

Earnings for Fannie and its smaller sibling Freddie Mac can fluctuate widely due to changes in interest rates and home prices.Washington-based Fannie also said on Thursday it will pay a dividend of $US4 billion to the US Treasury next month. With its previous payments totaling $US134.5 billion, Fannie has more than fully repaid the $US116 billion it received from taxpayers.The government rescued Fannie and Freddie in September 2008 at the height of the financial crisis.

Anda sedang membaca artikel tentang

Fannie Mae posts $3.9b profit in 3Q

Dengan url

http://petanidollarindo.blogspot.com/2014/11/fannie-mae-posts-39b-profit-in-3q.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Fannie Mae posts $3.9b profit in 3Q

namun jangan lupa untuk meletakkan link

Fannie Mae posts $3.9b profit in 3Q

sebagai sumbernya