Fannie Mae will pay $2.8B to Treasury after profit

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WASHINGTON (Reuters) – Fannie Mae FNMA.OB, the largest source of U.S. housing funds, on Wednesday said it would not need more taxpayer aid after posting a first-quarter profit of $2.7 billion. and.

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The mortgage finance giants Fannie Mae and Freddie Mac remain wards of the state years after the credit crisis receded into memory. Under their original rescue, in 2008, they were required to pay a 10 percent dividend on the money they had drawn from the Treasury.

The milestone was reached after Fannie Mae reported Friday it will pay Treasury an additional $7 billion in profit from the end of last year. Beginning in late 2008, the federal government bailed out.

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.

Fannie Mae | Home. Fannie Mae reports net income of $4.5 billion and comprehensive income of $4.5 billion for second quarter 2018 Read more in our news release, Form 10-Q, and quarterly financial supplement. Driving progress through partnership We’re focused on our industry partners so they can focus on helping more home buyers and renters.

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’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 FNMA Stock Message Board: Fannie Mae to pay treasury .5 billion after 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.

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.

 · Fannie Mae posts $3.2B profit in 2Q; to pay $3.1B dividend. Washington-based Fannie Mae will pay a dividend of $3.1 billion to the U.S. Treasury next month if.

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