UPDATE 1-Fannie Mae posts record annual profit of $17.2 billion
April 02, 2013 at 09:41 AM EDT
WASHINGTON, April 2 (Reuters) - Mortgage finance giant Fannie Mae, helped by the U.S. housing market's continued recovery, posted an $17.2 billion annual profit for 2012 on Tuesday, its largest ever yearly gain and its first in six years.
