Fannie Mae will pay $2.8B to Treasury after profit

Fannie Mae will pay $2.8B to Treasury after profit Fannie Mae said it expects to make a $2.8 billion dividend payment to the U.S. Treasury in June after reporting a first-quarter profit driven by a relatively stable mortgage market and a continued decline in delinquencies.

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.

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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Fannie Mae will pay $2.8B to Treasury after profit Bush Contents contributed million finance giant fannie Mae reports $2.8 billion quarterly Posts $993m profit 2q; paying $933m dividend Credit.

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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 posts most profitable year in 2012. Mortgage financing giant Fannie Mae Tuesday reported a record profit of $17.2 billion for 2012,

 · The Treasury Department directed Fannie Mae and Freddie Mac to come up with a plan to replace their quarterly dividend payment with all profits. Treasury aims to speed up Fannie, Freddie payback.

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Fannie Mae will pay U.S. $5.5B after reporting profit. The government took over Fannie and Freddie in 2008, eventually sending them bailout money of $187.5 billion. Fannie’s portion of that was $116.1 billion, and after March’s payment, Fannie will have paid the U.S. Treasury $159.9 billion.

Keeping the two afloat cost taxpayers $187 billion over time.. treasury paid 6 billion for Fannie and $71 billion for Freddie. In August 2012, the Treasury decided it would send all Fannie and Freddie profits into the general fund. Since then, the bailout has been paid back with $58 billion in profit.

Fannie Mae reported 2018 annual net income of $16 billion and annual comprehensive income of $15.6 billion, up from $2.4 billion in 2017 annual net income and $2.2 billion in.

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Fannie Mae said it expects. to turn over virtually all profits to the Treasury, and the money doesn’t count as repayment for the government’s aid. Freddie Mac said Tuesday that it will pay $2.2.