Fannie Mae (FNMA) reported Thursday that its second-quarter net income attributable to the company was $2.95 billion, compared to $4.64 billion last year.
Net revenues, which consist of net interest income and fee and other income, were $5.46 billion, lower than $6.23 billion a year ago.
Net interest income, which includes guaranty fee revenue, was $5.29 billion, compared to $5.68 billion in the prior year. Fee and other income also declined.
The company reported a positive net worth of $4.1 billion as of June 30, 2016. As a result, the company expects to pay Treasury a $2.9 billion dividend in September 2016.
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