Fannie Mae reported a strong first quarter with $4.3 billion in net income, showcasing resilience in the face of challenges within the independent mortgage banking sector. The company’s robust performance marks a significant increase from the previous quarter’s $3.9 billion in net income.

Key points:
– Fannie Mae’s net income for the first quarter stood at $4.3 billion, reflecting a notable uptick from the prior quarter.
– The company’s ability to deliver strong financial results amidst challenges faced by independent mortgage banking counterparts highlights its stability and strategic positioning in the industry.

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