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Fannie Income Dips in First Quarter

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Fannie Income Dips in First Quarter

Fannie Mae announced today that 1Q15 was its 13th straight profitable quarter, but its net income of $1.9B fell from the same period one year earlier. The federal mortgage provider also said it would pay a $1.8B dividend to the US Treasury next month, while will bring its total dividends to $138.2B, eclipsing its $116B taxpayer bailout during the Great Recession. Fannie and Freddie Mac, which together provide roughly half of all US mortgages, announced on Tuesday that they would review their CEO compensation practices so as to remain attractive to top talent. [AP]