Fannie Mae, Freddie Mac Could Soon Put ‘Paid’ To Their $187B BailoutVW Staff
The change of fortunes in the housing market have led to solid profits at mortgage finance companies Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC).
But all of these profits flow into the coffers of the US Treasury under a federal diktat that requires the two companies to fork over profits as dividends on the government’s 80% ownership in the two companies.
Fannie Mae and Freddie Mac: Bailout a blip in the rear view mirror . . .
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