Fannie Mae posts $3.2B profit in 3Q; paying $3B dividend
WASHINGTON — Mortgage giant Fannie Mae reported net income of $3.2 billion from July through September, up from $2 billion a year earlier, as its losses declined on investments it uses to hedge against interest rate swings. The third-quarter results released Thursday marked the 19th straight profitable quarter for the government-controlled company. Washington-based Fannie Mae