Fannie Mae will pay $2.8B to Treasury after profit

Fannie Mae will pay $2.8B to Treasury after profit

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 · All in all, the Treasury will have received over $138 billion in dividends from Fannie Mae. The good news is that this is much higher than the $116 billion or so in bailout funds that Fannie Mae.

Fannie Mae’s sibling Freddie Mac, which was also rescued by the government during the recession, said Thursday that it would pay the Treasury a $4.5 billion dividend next month after its profit.

Fannie Mae said it expects. to turn over virtually all profits to the Treasury, and the money doesn’t count as repayment for the government’s aid. Freddie Mac said on Tuesday that it will pay $2.2.

Fannie Mae will pay $2.8B to Treasury after profit Fannie Mae said it expects to make a $2.8 billion dividend payment to the U.S. Treasury in June after reporting a first-quarter profit driven by a relatively stable mortgage market and a continued decline in delinquencies.

Fannie Mae will pay $2.8B to Treasury after profit Fannie Mae to pay Treasury $5.5 billion after profit doubles. – Fannie Mae’s sibling Freddie Mac, which was also rescued by the government during the recession, said Thursday that it would pay the Treasury a $4.5 billion dividend next month after its profit.

After the March dividend payment, Fannie Mae will have paid a total of $121.1 billion in dividends to Treasury. This compares to $116.1 billion in draw requests since 2008. In short, the taxpayers.

Soon after, the FHFA and Treasury altered the senior agreements to require Fannie and Freddie to deliver nearly all of their profits to the Treasury Department in an effort to repay taxpayers, leaving the GSEs with an incredibly small capital cushion of $3 billion each.

Fannie Mae serves the people who house America. We are a leading source of financing for mortgage lenders and our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans.

WASHINGTON, Nov 7 (Reuters) – Government-run Fannie Mae , the largest provider of U.S. residential mortgage funding, will pay the U.S. Treasury $8.6 billion after reporting a seventh consecutive.

 · On Tuesday, Freddie reported net income of $1.7 billion for the second quarter, up from $993 million a year earlier. Freddie will pay a dividend of $2 billion to the Treasury next month.

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