Fannie Mae will pay $2.8B to Treasury after profit

Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter. The government-controlled mortgage company has already paid the Treasury $154.4 billion in dividends since receiving $116.1 billion in government bailouts.

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 would have now paid back its original 10% dividend (+ $740 million); Fannie Mae would have $5.74 billion left in liquidation preference to pay to Treasury. Fannie Mae and Freddie Mac have paid $137.1 billion and $88.0 billion, respectively, in dividends under the NWS – far more than $25.2 billion and $15.45 billion under 10% rate.

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The profit means Fannie, which has been under U.S. control since 2008, will send a $5.5 billion dividend payment to the Treasury in March, the Washington-based mortgage-finance giant said Friday. The company had net income of $5 billion in the fourth quarter, compared with $2.5 billion in the same period in 2015, according to a regulatory filing.

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 and Freddie Mac shares plunged Tuesday after. pay a 10 percent dividend to the government. In 2012, the terms of the bailout were amended – the Third Amendment – forcing Fannie and.

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Fannie said it will pay the. of Fannie Mae and Freddie Mac in 2008 in a $187 billion bailout as their investments soured after the U.S. housing market collapse. Their conservatorship requires them.

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.