Tag Archives: Fannie Pays Back Taxpayers From Housing Gains

Fannie Mae announced on Thursday that it will pay $59.4 billion in dividends to the U.S. Treasury, helping to reduce the net cost of its taxpayer bailout to $21.1 billion, Reuters report. A strengthening housing market has helped the mortgage giant to record a record profit in the first quarter this year. This also marks the fifth-consecutive quarter for profits for the government-sponsored enterprise (GSE). In the first quarter of this year, Fannie said it had a pretax income of $8.1 billion, as well as an additional gain of $50.6 […]