Fannie Mae will pay $2.8B to Treasury after profit

WASHINGTON — Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year.

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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.

Government-run Fannie Mae, the largest provider of U.S. residential mortgage funding, will pay the U.S. Treasury $8.6 billion after reporting a seventh consecutive quarterly profit on continued recovery in the real-estate market.

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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.

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.

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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Washington-based Fannie Mae also will pay a dividend of $2.9 billion to the U.S. Treasury next month. With that payment, Fannie will have paid a. Freddie Mac posts $993M profit in 2Q; paying $933M dividend

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.

Fannie mae fnma stock message Board: Fannie Mae to pay Treasury $5.5 billion after

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Fannie Mae said it earned $5 billion in the fourth quarter, doubling its profits from a year earlier. Fannie’s portion of that was $116.1 billion, and after March’s payment, Fannie will have paid.

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