Company’s net income exceeds that of Wal-Mart Stores Inc.

By: Clea Benson Bloomberg News August 9, 2013

Fannie Mae, the mortgage financier seized by U.S. regulators in 2008, will pay the Treasury Department $10.2 billion after reporting a sixth consecutive quarterly profit on continued recovery in the housing market. The government-sponsored enterprise, which is operating under federal conservatorship, had net income of $10.1 billion for the three-month period that ended June 30, according ...

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Fannie Mae to pay Treasury $10.2B as home prices rise

Company’s net income exceeds that of Wal-Mart Stores Inc.

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