Fannie Mae posts $1.3B profit in 4Q; paying $1.9B dividend

WASHINGTON (AP) — Mortgage giant Fannie Mae is reporting net income of $1.3 billion for the fourth quarter. That's down sharply from $6.5 billion a year earlier due largely to losses on investments used to hedge against swings in interest rates.



Fannie Mae posts $1.3B profit in 4Q; paying $1.9B dividend



source U.S. News - News http://ift.tt/1F2sHPx