Federal National Mortgage Assn.: The Federal National...
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From Times Staff and Wire Reports
Federal National Mortgage Assn.: The Federal National Mortgage Assn., commonly known as Fannie Mae, earned a record $320 million in first quarter 1991, up 16% from a year ago. The congressionally chartered company, the nation’s largest investor in home mortgages, cited growth in net interest income, a rise in mortgage-backed security guaranty fees and lower writeoffs for loan losses.
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