Once it has made the latest payment in June, it
will have returned $126.8 billion to taxpayers in return for the
$116.1 billion in taxpayer aid it received after being placed
under the government's wing at the height of the financial
The company, the nation's largest source of mortgage funds,
earned a net income of $5.3 billion during the first three
months of the year. It cited revenue from litigation related to
private-label securities and fees they charge lenders to
guarantee loans for the performance.
(Reporting By Margaret Chadbourn Editing by W Simon)
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.