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Fannie Mae Experiences Large Revenue Increase

Fannie Mae Experiences Large Revenue Increase

| Apr 03, 2013 | Housing Market

The United States housing market is continuing to make significant improvement. Residential construction businesses, as well as many real estate companies, continue to experience positive growth this year. A recent report released from Fannie Mae stated that the mortgage firm had a $17.2 billion net income last year, their largest gain  since 2008. Fannie Mae was able to return $11.6 billion in bailout money without any additional borrowing. More here

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