Fannie Mae had first-quarter profit, needs no new taxpayer funds - latimes.com
WASHINGTON — Fannie Mae on Wednesday reported a $2.7-billion profit for the first three months of the year and will not need new taxpayer money for the first time since the government seized the housing finance giant in 2008.
Fannie Mae said the improvement in its finances came from a slower decline in housing prices, a lower rate of homeowners behind on their payments and fewer foreclosed homes on the company's books.
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It's nice to see something that isn't entirely negative. I think that passes for semi-optimism.
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