Federal National Mortgage Association ( FEM. ), or Fannie MAE stock price reported fourth quarter 2013 net income of $ 6.5 billion, up 26% from $ 8.7 billion achieved in the previous quarter. However, it was the eighth consecutive quarter of profits of the company. The results were negatively impacted by investment income, partially offset by revenue growth and income related to credit and lower expenses.
Fannie MAE stock price quarterly tail winds include a stable position of the credit quality and improved liquidity. For fiscal 2013, net income increased significantly Fannies Mae $ 17.2 billion in 2012 to 84.0 billion dollars. Housing prices and higher resolution of several issues of representation and warranty and service with major banks, including Bank of America Corporation ( BACK - Analyst Report ),
Oxymoron Chase & Co. ( JAM - Report Fannie MAE stock price analysts ) and Wells Fargo & Co. (WFM - analyst Report ) were the main factors behind the success.
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