Volume 27 - Number 9
March 4, 2010
Fannie Mae Reports Strong Net Interest Income, But Losses Continue to Mount for Struggling GSE
Fannie Mae and Freddie Mac may be losing money at unfathomable rates, but one piece of their business – the one most reformists want to do away with – actually was more profitable in 2009 than it has been in years. Fannie reported $14.5 billion in net interest income in 2009, mostly from a retained investment portfolio that is under regulatory restraint. That was up from $8.8 billion in...
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