WASHINGTON (April 2, 2013)--Mortgage giant Fannie Mae earned $7.6 billion from October through December, the biggest quarterly profit in its history.
The gain was driven by an improving housing market that lifted home prices and a $3.6 billion legal settlement with Bank of America.
The government-controlled company sought no additional federal aid.
For all of 2012, Fannie says it earned $17.2 billion and paid dividends of $11.6 billion to the U.S. Treasury.
The company said it expects to remain profitable "for the foreseeable future."
Taxpayers spent $116 billion to rescue Fannie during the financial crisis.
So far the company has paid back $35.6 billion.
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