Fannie Mae net income falls, seen paying $3.4 billion to U.S. Treasury

August 1, 2019 admin Business News Comments Off on Fannie Mae net income falls, seen paying $3.4 billion to U.S. Treasury

Fannie Mae’s net income fell in the second quarter from a year-ago due to losses on its derivatives, while it is expected to pay $3.4 billion in dividends to the U.S. Treasury, the No. 1 U.S. mortgage financing agency said on Thursday.

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Source:: Reuters – Business News