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Follow on Google News | DigitalOlympus.com Comments BBC News Article on Fannie Mae’s Decision to Pay $59.4bn Back to U.S.Popular news blog DigitalOlympus.com has commented on a recent BBC News Business report regarding Fannie Mae’s decision to pay back $59.4bn in dividends to the U.S. Treasury after reporting a net income of $58.7bn for First Quarter of 2013.
By: Fernando McDonald On May 10, popular news blog DigitalOlympus.com commented on this situation as a possible strategy intended to show, through transparency, that this company remains a dominant force in the mortgage market. According to the BBC News Business piece, Fannie Mae, as well as sibling housing-finance firm Freddie Mac, had to be rescued by the government at the peak of their financial crisis in 2008. During that period, Fannie collected tax benefits to cover losses on the bad loans and mortgages it had purchased. The BBC News Business article further revealed that, "After evaluating the recoverability of Fannie Mae's deferred tax assets, as of March 31, 2013, the company determined that the factors in favor of releasing the allowance outweighed the factors in favor of maintaining it." In response to the BBC News article, DigitalOlympus.com leading business intelligence (http://www.nardelloandco.com/ In a statement following the report, Cole stated that “Fannie Mae’s decision to pay the U.S. Treasury will go a long way in improving the company’s reputation. In fact, since both Fannie Mae and Freddie Mac have decided to pay back a considerable amount of money after conducting a thorough asset search (http://www.nardelloandco.com/ As a leading news and technology blog, DigitalOlympus.com is committed to promoting the adoption asset search and other measures to analytically determine the best possible business moves for optimum returns on investment. Fannie Mae’s decision can be viewed as a relevant example of how due diligence investigations and activities like an asset search can be used to positively affect public opinion. About DigitalOlypus.com Digitalolympus.com is a news blog dedicated to educating its readers on the latest technology advances. They are committed to gathering information on up and coming technologies that will enhance the lives of their readership. Digitalolympus.com is always at the forefront of technology news and events guiding its readers to accurately determine the best course of action for themselves and their businesses. End
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