Fannie Mae, Freddie Mac Could Soon Put ‘Paid’ To Their $187B Bailout

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 In fact, with its dividend payment of $30.4B last December, Freddie Mac / Federal Home Loan Mortgage…