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Please begin with an informative title:

Mortgage finance giant Fannie Mae (FNMA.OB), helped by the U.S. housing market's continued recovery, posted an $17.2 billion annual profit for 2012 on Tuesday, its largest ever yearly gain and its first in six years.
http://finance.yahoo.com/...

The Fed has been furiously buying 100% guaranteed GSE bonds and will return all profits to the US Treasury thus sharply reducing the deficit.

The Fed has paid the US Treasury over $150 billion the last two calender years.

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You must enter an Intro for your Diary Entry between 300 and 1150 characters long (that's approximately 50-175 words without any html or formatting markup).

Fannie Mae said in its filing that it did not book a tax-related gain that could have been as much as $59 billion that would have fueled earnings and allowed the company to make an enormous one-time payment to the U.S. Treasury to reduce remaining bailout funds.
More good news is coming in the form of tax benefit payments.

By the way, when has the GOP offered a long-promised House bill to "privatize" Fannie Mae?

These profits have come despite a massive payment reduction for homeowners via HARP and our US Treasury.

Since 2009, almost 2.2 million homeowners have gotten HARP refis, the government says. On average, they're saving about $4,300 a year on home loans, Fannie Mae estimates.

To be eligible, HARP applicants must have loans owned or guaranteed by Freddie Mac or Fannie Mae, have less than 20% equity and be current on payments.

http://www.usatoday.com/...

This would have never happened under a GOP administration.

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