Fannie Mae said Wednesday its fourth-quarter net income was 74 cents per common share, or $794 million, up 9% from 65 cents per common share, or $712.1 million, from a year ago.

Earnings for 1997 were $2.83 per common share, or $3.056 billion, up 14% from $2.48 per common share and $2.725 billion for 1996.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.