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Fannie Mae will pay $2.8B to Treasury after profit

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The government-controlled mortgage company has already paid the Treasury $154.4 billion in dividends since receiving $116.1 billion in government bailouts between 2008 and 2011. 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 soared.

Aug 2 (Reuters) – Fannie Mae said on Thursday. in a $187 billion bailout after they were exposed to soured subprime mortgages during the global credit crisis. The two agencies hand over their.

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On Thursday, Fannie Mae’s sibling Freddie Mac, which was also rescued by the government during the recession, said it was paying the Treasury $4.5 billion next month after its profit soared.

Fannie Mae, the nation’s largest source of mortgage funds, earned a $3.7 billion profit between April and June and will turn it over as its dividend payment. Freddie Mac, the No. 2 mortgage provider, will pay the Treasury $1.9 billion.

Between Fannie and Freddie, U.S. taxpayers have now made more than $63 billion in profits, including the $185 billion bailout. fannie mae’s most recent dividend payment was $2.87 billion in.

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Fannie Mae and Freddie Mac will make a $10 billion payment to Treasury this week as planned amid mounting political pressure over the transfer. The announcement from the Federal Housing Finance Agency came as mortgage lobbyists, housing advocates.

Fannie Mae will pay $2.8B to Treasury after profit Bush Contents Contributed $50 million finance giant fannie Mae reports $2.8 billion quarterly Posts $993m profit 2q; paying $933m dividend Credit.

WASHINGTON — Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after. profit, the second-best in its history. Freddie Mac said it would pay.

 · Fannie Mae Books $8B Profit, Will Shell Out $59B To Treasury. After that payment, the total dividends paid by Fannie to the Treasury in return for its 2008 rescue will total $95 billion, against the $117.1 billion in senior preferred stock held by the government.

Fannie Mae will pay U.S. treasury .9 billion after strong fourth quarter. As with its counterpart Freddie Mac, Fannie Mae posted a strong profit for the fourth quarter and will pay the U.S. Treasury $2.9 billion in March, the government-sponsored enterprise reported on Friday

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