Annual Income for Fannie Mae Reported to be $12.3 Million

Annual Income for Fannie Mae Reported to be $12.3 Million

Annual Income for Fannie Mae Reported to be $12.3 Million

According to Fannie Mae, their annual net income is now $12.3 million. This is a decrease from 2016 when it was reported to be $11.7 billion. Not only this but as of the fourth quarter of 2016, they reported an income of $5 billion net and a comprehensive income of $4.9 billion.

Fannie Mae reported annual net income of $12.3 billion and annual comprehensive income of $11.7 billion in 2016.

For the fourth quarter of 2016, Fannie Mae reported net income of $5 billion and comprehensive income of $4.9 billion.

This means growth remained flat at the government-sponsored enterprises, with net income levels similar for last year/quarter. That said, the company can still be considered as on a hot streak.

“The decrease in annual net interest income was due primarily to lower net interest income from the company’s retained mortgage portfolio, almost entirely offset by an increase in guaranty fee income,” the company said in a release.

“The decrease in annual net interest income was due primarily to lower net interest income from the company’s retained mortgage portfolio, almost entirely offset by an increase in guaranty fee income,” the company said in a release.

The company also reported a positive net worth of $6.1 billion as of December 31, 2016.

As a result of the quarter’s earnings, the company expects to pay Treasury a $5.5 billion dividend in March 2017. read more… housingwire.com

 

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