Federal National Mortgage Assn.: Fannie Mae, the...
From Times Staff and Wire Reports
Federal National Mortgage Assn.: Fannie Mae, the congressionally chartered, shareholder-owned firm that is the nation’s largest investor in home mortgages, reported third-quarter income of $299.5 million, up 41% from a year ago. The firm cited a $9.6-million rise in mortgage-backed security guaranty fees and growth of $8.6 million in net interest income.
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