In 2008, Fannie Mae and Freddie Mac went under theconservatorshipof theFederal Housing Finance Agency(FHFA).11In September 2019, the Treasury and FHFA allowed Fannie Mae and Freddie Mac to keep their earnings to shore up their capital reserves as a step toward transitioning the two out of cons...
In 2008, Fannie Mae and Freddie Mac went under theconservatorshipof theFederal Housing Finance Agency(FHFA).11In September 2019, the Treasury and FHFA allowed Fannie Mae and Freddie Mac to keep their earnings to shore up their capital reserves as a step toward transitioning the two out of cons...
David S. Hilzenrath
Guests question above is the right one. Think of Fannie/Freddie as $ trillion SuperSIVs with no capital and bad assets, AND mortgage pool insurers with no reserves. By no capital, I mean about 1 1/2% against $1.6 trillion of unmarked mortgage assets on their books. By insurers with no ...
Fannie Mae to boost reserves
Through Dec. 31, 2019, Fannie Mae and Freddie Mac had repaid the Treasury a total of $301 billion in dividends during their conservatorship.24Since then, each has been building its capital reserves. In mid-February 2024, Fannie Mae reported that its 2023 year-end net worth was $77.7 billio...