Fannie Mae-No Politics (FNMA)

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Fannie Mae Posts Profit That Sets a Record
By SHAILA DEWANFEB. 21, 2014

The mortgage giant Fannie Mae passed a symbolic milestone at the end of the fourth quarter, generating profits that will push its total payments to the federal government higher than the amount it received in the 2008 bailout, the company reported Friday.

The company earned a record $84 billion in profit in 2013, it said, and the fourth quarter was its eighth consecutive profitable quarter. Next month it will hand over its fourth-quarter dividend of $7.2 billion. That means that Fannie and its competitor Freddie Mac, which also received a bailout, will have poured more into federal coffers, $192.4 billion, than they received in government support, $189.5 billion.