Federal National Mortgage Association reported that third-quarter...
Federal National Mortgage Association reported that third-quarter net income more than doubled to $132.4 million from the year-earlier $60.8 million. For the nine months, profit was $354 million, compared with the year-earlier $181 million. Washington-based Fannie Mae, a congressionally chartered, shareholder-owned company, is the nation’s largest investor in American home mortgages.
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