Fannie and Freddie were required to send most of their profits to the Treasury as repayment for being bailed out, preventing them from rebuilding their capital reserves. In 2019, however, new rules were enacted that permit Fannie Mae and Freddie Mac to keep a combined $45 billion in earnings....
David S. Hilzenrath
ViaYves Smith,John Hemptonanalyzes the quarterly results of Bank of America (so-so) and Fannie Mae (terrible). The underlying issue is that bank quarter-to-quarter results are largely driven by the amount of provisions they take against future loan losses. You can think of this as a very ...
ET Fannie to Pay Treasury $10.2 Billion By NICK TIMIRAOS Profits at Fannie Mae and Freddie Mac are piling up at such a rate that U.S. taxpayers, who committed massive sums to bail out the two mortgage-finance firms, could soon join them in the black. Fannie on Thursday reported a $...
Fannie Mae to boost reserves