WASHINGTON (dpa-AFX) - Mortgage guarantor Fannie Mae (FNMA.OB) reported that its net loss attributable to common stockholders for the third-quarter 2015 widened to $242 million or $0.04 per share from last year's $94 million or $0.02 per share.
Quarterly net income attributable to the company fell to $1.960 billion from $3.905 billion in the prior year.
Fannie Mae recognized a provision for federal income taxes of $1.1 billion for the third quarter of 2015, reflecting an effective tax rate of 35 percent.
Net revenues for the quarter declined to $5.847 billion from $6.010 billion in the previous year.
Fannie Mae expects to pay $2.2 billion in dividends to Treasury in December 2015. With the expected December dividend payment, the company will have paid a total of $144.8 billion in dividends to Treasury. Dividend payments do not reduce prior Treasury draws, which total $116.1 billion since 2008.
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