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» Fannie Reports Record $7.9 Billion in Net Income For 2003 as Mortgage Volume Hits $1.4 Trillion
Fannie Reports Record $7.9 Billion in Net Income For 2003 as Mortgage Volume Hits $1.4 Trillion
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Last year’s record-shattering mortgage origination environment was very good to Fannie Mae, as the government-sponsored enterprise this week reported it earned a huge $7.91 billion in net income in 2003 or 71.1 percent more than it did in 2002.