Fannie Mae's pre-tax income hits record high

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Fannie Mae booked $8.1 billion in pre-tax income for the first quarter of 2013, the largest quarterly pre-tax income in the company’s history, the company reported today.

The  stellar financial results documented in its quarterly report marks the fifth consecutive quarterly profit for the company, and mirror the recent success of its smaller twin, Freddie Mac. Source: Fannie Mae