Fannie Mae reports net income of $16B in 2018

Fannie Mae reported comprehensive income of $3.2 billion in the fourth quarter of 2018, bringing its yearly earnings to $15.6 billion in 2018. Although the fourth quarter’s income is down from the third quarter’s $4 billion, its much higher than the fourth quarter of 2017, when it saw a comprehensive income of $2.3 billion.