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Federal National Mortgage Association Message Board

  • aroadrock aroadrock Nov 6, 2013 9:57 PM Flag

    Fannie Info Sheet from InvestorsHub

    As of June 30, 2013 , there were 1,158,077,970 shares of common stock of the registrant outstanding.

    FNMA net profit per share: 59.4 dollars
    NET PROFIT PER SHARE: TOTAL NET PROFIT (Q1+Q2)/ TOTAL OUTSTANDING SHARES
    NET PROFIT PER SHARE: 68.8 BILLION DOLLARS/ 1,158,077,970 COMMON SHARES= 59.4 DOLLARS

    Fannie Mae CEO: We will have strong profits for the foreseeable future
    By: Bloomberg TV interview | Thu, Apr 11, 2013

    In his first TV interview since the company reported record profits, Fannie Mae (FNMA) CEO Tim Mayopoulos told Bloomberg TV's Peter Cook today that U.S. taxpayers could see a net gain from their bailout as the housing market rebounds. Mayopoulos said, "I do think, given the strength of our future profitability, that it is possible that we will be able to pay dividends that would be equal to or greater than the amount of money that we've received from the Treasury Department."

    Mayopoulos also said, "There is a risk that policymakers will look at our profitability and say we don't need to act on this soon. I think that would be a mistake. There needs to be clarity about what the future of the housing finance system is going to be."

    Mayopoulos on Fannie Mae's turnaround:

    "We are obviously pleased with the turnaround and from our perspective. This is not something that miraculously came upon us. This is the result of four plus years of work that we've been doing at Fannie Mae. We've really been very focused on building a new book of business that will be profitable. We've been managing the legacy book to minimize losses and we've been focused on pricing appropriately for the risk that we take. While it probably seems like a very sudden turnaround to those outside the company, for those inside the company we've been working on this for years to try to get to this place."

 
FNMA.OB
2.10-0.12(-5.41%)Oct 30 2:37 PMEDT

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