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navycmdr

06/21/24 6:28 PM

#796285 RE: altruism #796284

By 2014, it repaid all the money it received and has since poured billions of dollars into the U.S. Treasury.

The company has remained profitable over the past decade. It reported $4.3 billion of net income in the first quarter of 2024. That was a $377 million increase from the fourth quarter of 2023 and up from $3.8 billion in the year-ago period. Fannie Mae's growing income increased its net worth to $82 billion, a significant rise from $25.3 billion in 2020.

The company's strong profitability enabled it to continue supporting the mortgage market. It provided $72 billion of liquidity to the mortgage market in the first quarter of 2024 by purchasing and refinancing loans backed by single-family homes and multifamily rental properties.

Bullish
Bullish