Fannie Mae Reports Profit

: Chris Lee Law Firm

  Filed under: Mortgage

Fannie MaeLending giants Fannie Mae and Freddie Mac have had their fair share of the spotlight in recent months. As the mortgage crisis struck in 2008, both of these companies took a huge hit profitability. When the foreclosure crisis began to stir up more trouble the fate of these companies became unclear.

First Quarter Profit

Fannie Mae recently reported its first profit since the financial crisis began in 2008. For the first time in years, Fannie will be paying a dividend to $2.8 billion to the Treasury Department rather than seeking aid from taxpayers.  Stockholders will also begin to see some income after the first quarter profits are posted.

Fannie is attributing the gain largely in part due to the slowing of mortgage delinquency rates and the beginning of home value recovery. The losses Fannie and Freddie have suffered over the last few years is expected to do a turnaround in the coming years as the mortgage industry recovers. Part of the recovery efforts have been spurred by federal programs designed to help homeowners avoid foreclosure by offering lenders incentives to participate in more loan modification and refinancing offers.




Are you a candidate for bankruptcy?
Would you like to find out if bankruptcy is the right option for you? Try our Free Online Bankruptcy Evaluation. 4 easy steps to see if bankruptcy could be the right option for you!
  • Step 1
  • Step 2
  • Step 3
  • Step 4
Please Select Each Box That Applies To You
Creditor Harassment
Loss of Income
Disability or Illness
Current Expenses
Auto Loans
Credit Cards
Medical Bills
Payday Loans
Do you have any additional information you would like to share?
Contact Information