WASHINGTON (AP) -- Fannie Mae is reporting net income of $3.7 billion from April through June as the housing market continued to recover.<br />
Though the government-controlled mortgage giant reported its 10th straight profitable quarter Thursday, the second-quarter profit was down 63 percent from $10.1 billion a year earlier.<br />
Washington-based Fannie also said it will pay a dividend of $3.7 billion to the U.S. Treasury next month. With its previous payments totaling $126.7 billion, Fannie has more than fully repaid the $116 billion it received from taxpayers.<br />
The government rescued Fannie and smaller sibling Freddie Mac at the height of the financial crisis.
A Georgia Ku Klux Klan group says it will move forward with its application for a highway cleanup program in northeast Georgia after a judge ruled the state's denial violated the organization's right to free speech.
Budgetary discipline and slightly higher property appraisals mean no change to the Gainesville property millage rates. Abundant rainfall and tightening water management regulations mean a name change for the city’s Public Utilities Department.
Gov. Nathan Deal has signed two bills that remove barriers to dual enrollment participation by struggling students with no plans to attend college and also those youngsters who are excelling in high school.
WASHINGTON (AP) — Republicans controlling Congress Wednesday unveiled a budget plan for the upcoming year and beyond, setting up a confrontation with President Barack Obama over his signature health c...