Fannie Mae will pay $2.8B to Treasury after profit

Treasury Secretary Steven Mnuchin on Thursday told the Senate Banking Committee that he expected Fannie and Freddie would continue to pay dividends. few short years after the crisis. Read: Fannie.

mortgage rates rise again, but shouldn’t affect home buying Mortgage rates rise again, but shouldn’t affect home buying Mortgage rates posted a fourth consecutive week of increases, but Freddie Mac remains bullish in its outlook for this spring’s home purchase season.

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.

Fannie Mae and Freddie Mac may send the Treasury Department enough money in June to extend by a month government operations under the debt ceiling, giving Republicans and Democrats more time to.

Fannie Mae, the nation’s largest source of mortgage funds, earned a $3.7 billion profit between April and June and will turn it over as its dividend payment. Freddie Mac, the No. 2 mortgage provider, will pay the Treasury $1.9 billion.

 · Fannie and Freddie have recuperated profitably. They also have been nationalized. The government’s original rescue terms were for Fannie and Freddie to pay a stiff dividend on the bailout funds – 10 percent, amounting to $4.7 billion per quarter. Then, however, the Treasury Department was told of the GSEs’ strong recoveries.

Fannie Mae reported net income of $14.2 billion. The U.S.-owned mortgage finance company will pay the Treasury Department $1.9 billion next month after posting a profit of $1.3 billion for the.

 · The nation’s largest mortgage finance company, D.C.-based Fannie Mae, will pay $59.4 billion in a dividend payment to the Treasury Department followin.

Mortgage finance giants Fannie Mae and Freddie Mac will pay the federal. 2008 rescue after both firms reported first-quarter profits Thursday. With the payments, the companies will have sent $213.1.

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WASHINGTON (Reuters) – Fannie Mae FNMA.OB, the nation’s biggest mortgage finance company, on Thursday said it will pay $59.4 billion in dividends to the U.S. Treasury after a record profit in the.

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 · Fannie Mae and Freddie Mac, the country’s two dominant mortgage giants, will get to keep $3 billion in capital in an agreement reached by the U.S. Treasury.

In May 2013, Fannie Mae announced that it is going to pay a dividend of $59.4 billion to the United States Treasury. 2014 – $134.5 billion dividend paid. $116 billion.