Government Projects Profit From Fannie Mae, Freddie Mac To Top $179BMark Melin
The US government is becoming increasingly bullish on their ownership of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), the now highly profitable mortgage finance companies.
Revenue from Fannie, Freddie triple that of 2012 government estimate
The White House budget office said Monday that it anticipates the government could take in nearly $179 million in profits over the next ten years if the terms of their conservatorship remain intact, tripling the government estimated profit from just one year ago.
In the wake of the 2008 mortgage-backed securities . . .
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