Housing market recovery sees Fannie Mae post $10.1bn profits

WASHINGTON – Recovery in the U.S. housing market has helped mortgage finance giant Fannie Mae nearly double its profits to $10.1 billion in the second quarter, its sixth-straight quarter with positive results. The company, which has operated under federal conservatorship since 2008, in its earnings report Thursday attributed the “significant increase in home prices in the quarter,” for the …

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