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>> ESTATE TAX Latest News

APR 02, 2013 - TheStreet

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Fannie Reports Record Earnings; Plays It Safe On Taxes (Update 1)

Fannie Mae earnings story updated with changes throughout. NEW YORK (TheStreet) -- Fannie Mae reported record earnings Tuesday, even as it chose not to recognize any of its $58.9 billion deferred tax asset (DTA) as net income. Fannie Mae earned $17.2 billion for 2012 and $7.6 billion for the fourth quarter of 2012, the largest quarterly and annual profits in the company's history. Strong earnings had already been widely expected, since Fannie announced last month it had delayed its earnings release in order to evaluate whether to release any of its DTA. ... ... Read More

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