Fannie Mae earns $1.8 billion in third quarter

WASHINGTON — Mortgage giant Fannie Mae earned $1.8 billion from July through September, helped by an improving housing market that has lifted home prices.

The government-controlled company said Wednesday that it paid a dividend of $2.9 billion to the US Treasury and sought no additional federal aid.

It was Fannie’s third profitable quarter since being taken over by the government during the 2008 financial crisis. The gain compares with a loss of $5.1 billion in the same period last year.


‘‘We are seeing signs of sustained improvement in housing,’’ Fannie president and chief executive Timothy Mayopoulos said in a statement. ‘‘Our financial condition has improved markedly.’’

The government rescued Fannie and smaller sibling Freddie Mac after both incurred massive losses on risky mortgages. Taxpayers have spent about $116 billion to rescue Fannie. So far, the company has repaid the government $23 billion.