Fannie Mae has announced a common stock dividend of $0.26 per share for the first quarter, unchanged from that of the fourth quarter.The dividend will be paid Feb. 25 to registered stockholders as of the close of business on Jan. 31, 2006. Preferred stock dividends are: $0.65625 per share of series D; $0.63750 per share of series E; $0.1713 per share of series F; $0.2938 per share of series G; $0.7263 per share of series H; $0.6719 per share of series I; $0.5895 per share of series J; $0.6745 of series K; $0.6406 per share of series L; $0.5938 per share of series M; $0.6875 per share of series N; $0.8750 per share of series O; and $1,343.75 per share of convertible series 2004-1. The preferred dividends will be paid March 31 to registered stockholders as of the close of business on March 15, 2006. Fannie Mae can be found online at http://www.fanniemae.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
7h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
11h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24