Fannie Mae reported record earnings and put forth an optimistic 2001 outlook that offered new evidence mortgage bankers and thrifts could enjoy an improved business climate this year.

Fannie’s fourth-quarter net income rose 3.6% from the previous quarter and 11.5% from a year earlier, to $1.16 billion, or $1.12 per diluted common share, after a $2.5 million charge for debt extinguishment.

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