Skip to main content

Fannie reaches milestone with largest-ever profit

The profit for 2012, as Fannie Mae posted, is $17.2 billion. This marks the government-sponsored mortgage backer’s first yearlyincome since 2006 and its largest-ever yearly revenue.

The reason for this is due to the overall improving economy, low interest rates and an improving housing market and declines in foreclosures.

Leave a Reply

Your email address will not be published. Required fields are marked *