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November 8, 2012

Fannie Mae's 3Q earnings are $1.8B

  • The housing recovery is helping Fannie and Freddie rebound.
  • By MARCY GORDON
    AP Business Writer

    WASHINGTON — Mortgage giant Fannie Mae earned $1.8 billion from July through September, helped by an improving housing market that has lifted home prices.

    The government-controlled company said Wednesday that it paid a dividend of $2.9 billion to the U.S. Treasury and sought no additional federal aid.


     
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