Fannie Mae reported second-quarter net income of $3.982 billion, or $0.03 a share, up from $3.317 billion, or $0.00 a share, a year earlier. Net revenues increased to $7.565 billion from $7.241 billion, driven by higher net interest income from portfolios and higher net deferred guaranty fee income. Chief Financial Officer Chryssa Halley said the results reflect the company's stable revenue base and continued expense and capital discipline. Shares of FNMA closed at $6.12, up 0.49 percent on the OTC Markets.
Fannie MaeFannie Mae reported higher net income and revenues, reflecting stable revenue base and expense discipline.