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Fannie Mae Profits Complicate U.S. Housing-Finance Overhaul

The prospect of steady profits at U.S.-owned mortgage financiers Fannie Mae and Freddie Mac is complicating legislative efforts to shrink the federal role in securitizing home loans.

Fannie Mae executives are due this week to release the company’s earnings report for the last quarter of 2012, a filing delayed by an unanticipated problem: The Washington-based mortgage financier is making money and expects to remain steadily profitable.