UPDATE 1-Fannie Mae earnings fall, to send $2.8 bln dividends to Treasury

NEW YORK, May 5 (Reuters) - Fannie Mae, the largest U.S. mortgage guarantor, said on Friday its net income fell to $2.8 billion in the first quarter from $5.0 billion the prior quarter as steadier market interest rates led to a small derivatives loss, which offset gains linked to stronger home prices.

by reutersCOMPANYNEWS via Endless Supplies .Biz - News