Fannie Mae will pay $2.8B to Treasury after profit

Mortgage giant Fannie Mae will. month after posting net income of $1.1 billion in the January-March period. The government-controlled enterprise will pay $919 million to the Treasury in June.

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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 3m dividend credit.

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.

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.

Freddie Mac said on Tuesday that it will pay .2 billion in June after reporting a first-quarter profit. With next month’s payments, the two companies will have returned about $271 billion to taxpayers. Fannie’s net interest income, which includes income from guaranteeing mortgages, was $5.3 billion, compared to $5.8 billion in the fourth quarter.

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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.

Freddie Mac, the U.S.-owned mortgage-finance company, will pay $7 billion to the Treasury Department after. and Fannie Mae this year ceased paying 10 percent dividends that have returned $65.

Fannie Mae said it would send a $919 million dividend payment to the U.S. Treasury in June, while reporting its profit that fell in latest quarter amid low interest rates.

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Washington-based Fannie Mae also will pay a dividend of $2.9 billion to the U.S. Treasury next month. With that payment, Fannie will have paid a. Freddie Mac posts $993M profit in 2Q; paying $933M dividend

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Fannie said it will pay. of Fannie Mae and Freddie Mac (FMCC.PK) in 2008 in a $187 billion bailout as their investments soured after the U.S. housing market collapse. Their conservatorship requires.

 · Freddie Mac would have now paid back its original 10% dividend (+ $740 million); Fannie Mae would have $5.74 billion left in liquidation preference to pay to Treasury. Fannie Mae and Freddie Mac have paid $137.1 billion and $88.0 billion, respectively, in dividends under the NWS – far more than $25.2 billion and $15.45 billion under 10% rate.