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Home » Store » News » BofA Buyback Agreement, Growing ‘High Quality’ Book of Business Help Propel Fannie Mae to Record 2012 Earnings

BofA Buyback Agreement, Growing ‘High Quality’ Book of Business Help Propel Fannie Mae to Record 2012 Earnings

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Fannie Mae’s long-awaited year-end 2012 earnings report revealed record-setting profit for the government-sponsored enterprise on both a quarterly and yearly basis, due in part to the company’s loan buyback resolution agreements with Bank of America and a single-family book of business that’s outgrowing its legacy losses. Fannie reported net income this week of $17.2 billion for 2012, compared to a net loss of $16.9 billion in 2011, while the company reported fourth quarter earnings of $7.6 billion. “We have taken a number of actions since 2009 to manage...[Includes one data chart]
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