Fannie Mae will pay $2.8B to Treasury after profit

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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.

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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.

Fannie Mae will have paid the Treasury $121.1 billion when this dividend payment is made. Since 2008, Fannie received $116.1 billion in government bailouts. What Fannie has not done is pay a dime to ..

PHH closes sale of Freddie MSRs to New Residential Rising rates stifle mortgage application volume mortgage lenders in the US saw an increase in loan applications last week as interest rates slipped below 5 per cent for the first time in nearly three months. The average interest rate for 30.Freddie Mac Mortgage Servicing Rights ("MSRs") – As part of the acquisition, New Residential will first settle on approximately $8 billion UPB of Fannie Mae and Freddie Mac MSRs from Shellpoint. Between such settlements and the closing of the corporate acquisition described below, the $8 billion UPB of Agency MSRs will be subserviced by Shellpoint.Treasury’s point man on GSE reform stepping down Treasury’s point man on GSE reform stepping down. As required by the Dodd-Frank Act, the bureau released long-awaited "look-back" reviews to assess the impact of mortgage underwriting and servicing rules on the industry and the credit markets.

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.

Fannie Mae and Freddie Mac shares plunged Tuesday after. pay a 10 percent dividend to the government. In 2012, the terms of the bailout were amended – the Third Amendment – forcing Fannie and.

Nov 6 (Reuters) – Government-controlled mortgage finance firms Fannie Mae and Freddie Mac said on Thursday they will pay U.S. taxpayers $6.8 billion after reporting third. the two firms must turn.

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

WASHINGTON – mortgage giant fannie mae posted net income. The first-quarter profit compared with net income of $1.9 billion a year earlier. Washington-based Fannie is paying a dividend of $919.

Freddie Mac, the U.S.-owned mortgage financier, will return $10.4 billion to the Treasury Department next month, bringing total payments to about $10 billion above what it got in aid after the. all.

The government-controlled company released its second-quarter results Thursday. Washington-based Fannie Mae will pay a dividend of $3.1 billion to the U.S. Treasury next month if the company’s federal regulator agrees. That payment would bring the total dividends paid by Fannie to $165.8 billion.