Fannie Mae’s 1Q income nosedives

Shortfall could impact proposal to increase CEO compensation

Government sponsored enterprise Fannie Mae released its first-quarter earnings report this week, revealing that it earned $1.9 billion in net income, down 64 percent from $5.3 billion the company reported in the first quarter of 2014. The GSE’s net income fell short of analysts’ expected reporting of $2.6 billion.