February 22, 2016 Comments Off on Mega Profits Continue for Fannie Mae, Freddie Mac Views: 1560 California News, National News

Mega Profits Continue for Fannie Mae, Freddie Mac

Mortgage financing behemoths Fannie Mae and Freddie Mac continue to play major roles in the U.S. residential market. Since their Federal government takeover in 2008, the pair have returned a steady flow of cash back to public coffers.

In fact, combined returns have far exceeded the $187-billion it took to bail out them out. Fannie Mae has contributed $147.6-billion to the U.S. Treasury, while Freddie Mac has returned more than $98.2-billion.

The mega profits are complicating plans to wind down the companies. Regulators say government conservatorship is growing riskier, while investors are pressuring for profits to be shared, rather than solely going to the Treasury Dept.

Read More at Washington Post

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