Fannie Mae said on Wednesday that it earned $2.71 billion in the first quarter, versus a year-ago loss of $6.47 billion
On a per share basis after accounting for preferred dividends, the company posted a loss of 2 cents, versus a loss of $1.52 a year ago
The firm said it put aside $2 billion this quarter for credit loss provision, compared to the $10.55 billion it set aside a year ago
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