Fannie Mae will pay $2.8B to Treasury after profit

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 · NEW YORK, Feb 14- Fannie Mae and Freddie Mac said on Thursday they will pay a combined $4.7 billion in dividends to the U.S. Treasury Department by March as the housing finance agencies posted.

Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter. The government-controlled mortgage company has already paid the Treasury $154.4 billion in dividends since receiving $116.1 billion in government bailouts.

Freddie Mac said on Tuesday that it will pay $2.2 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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Fannie Mae reports Q1 net income of $2.8B in Q1, and positive net worth of $3.4B.The GSE earned $5B in Q4. With this $2.8B payment, Fannie will have paid a total of $162.7B to Treasury. Draws have.

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hurricanes faced by the US in the last century and is the costliest. Trajectory of Hurricane Katrina before and after making landfall in Louisiana. All these factors further fuelled the wage increases, particularly in. 2006). Similarly, Fannie Mae allowed an. U.S. Dept of Treasury.. post profits immediately after the storm.

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beginning to get a very good sense of who will be controlling the housing agenda for the.. fate of debt sources fannie mae and Freddie Mac.

17 (UPI) –Government-backed mortgage companies Fannie Mae and Freddie Mac will pay $10. $5 billion profit in the fourth quarter Friday and a $5.5 billion dividend to be paid in March to the U.S..

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.

NEW YORK (AP) – Fannie Mae will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter.