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Fannie Mae posts 7th straight profit in third quarter

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Mortgage giant Fannie Mae earned $8.7 billion in the July through September period, its seventh straight profitable quarter. The government-controlled company will have nearly repaid in full its taxpayer bailout of five years ago, after paying its third-quarter dividend. Fannie said Thursday its earnings were boosted by the rise in home prices during the quarter, which enabled it to reduce its...

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