Fannie Mae Reports $84 Billion Annual Profit
Fannie Mae on Friday reported an annual profit of $84 billion for 2013, a banner year in which strong home-price gains in housing markets across the U.S. powered the mortgage-finance giant to an astounding rebound. Fannie also said it would pay $7.2 billion to the U.S. Treasury next month after it reported a $6.5 billion fourth-quarter profit.
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