Mortgage finance firm Fannie Mae to pay U.S. Treasury $1.8 bln
WASHINGTON, May 7 (Reuters) - Government-controlled mortgage finance firm Fannie Mae said on Thursday it will pay the U.S. Treasury $1.8 billion this quarter, its smallest dividend to taxpayers in five years as falling long-term interest rates hit its derivatives holdings.
Fannie Mae reported a first quarter profit of $1.9 billion, up from $1.3 billion in the fourth quarter.
(Reporting by Jason Lange; Editing by Bernadette Baum)
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