Fannie Mae net income retreats to $2.4B in Q1

Fannie Mae reported Wednesday it posted a comprehensive income of $2.4 billion in the first quarter of 2019, according to the company’s quarterly earnings report. The first quarter’s income is down from the fourth quarter’s $3.2 billion, and also sits below the first quarter of 2018 when Fannie also saw a comprehensive income of $3.2 billion.

The company’s net income came in at $2.4 billion this quarter, down from $3.2 billion last quarter and $4.3 billion in the first quarter of 2018. Fannie Mae also announced it provided $102 billion in liquidity to the mortgage market in the first quarter, falling from $122.5 billion last quarter and $124 billion in the first quarter of 2018.

Fannie Mae expects to pay a $2.4B dividend to the U.S. Treasury by June 30, down from the $3.2B from Q4’s sweep.Q1 net income of $2.36B compares with $3.23B in Q4 2018, driven primarily be lower.

Fannie Mae reported Wednesday it posted a comprehensive income of $2.4 billion in the first quarter of 2019, according to the company's.

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Fannie Mae closed out the first quarter of this year with $4.3 billion of net income and $3.9 billion of comprehensive income. This is a significant turnaround from the net loss of $6.5 billion and a comprehensive loss of $6.7 billion in the fourth quarter of 2017.

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Fannie Mae net income retreats to $2.4B in Q1 Ford Motor recorded the worst showing of the three, as net income fell by nearly half to $1.1 billion. Bloomberg's .

Ford Motor recorded the worst showing of the three, as net income fell by nearly half to $1.1 billion. Bloomberg’s Elizabeth Dexheimer: "Representative Maxine Waters said fixing Fannie Mae and.