Fannie Mae will pay $2.8B to Treasury after profit

Despite home prices that grew at a meager 0.4% rate during the first quarter of 2014, government-backed mortgage finance companies Fannie Mae and Freddie Mac were able to turn a profit during. and.

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. received about $116bn in taxpayer funds US federal mortgage agency fannie mae has said it will pay $59.4bn (£38.5bn) in dividends to the US Treasury, after posting a record profit in the first.

The government-controlled mortgage company has already paid the Treasury $154.4 billion in dividends since receiving $116.1 billion in government bailouts between 2008 and 2011. 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 soared.

Fannie Mae FNMA Stock Message Board: Fannie Mae to pay Treasury $5.5 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. Draws have.

Aug 2 (Reuters) – Fannie Mae said on Thursday. in a 7 billion bailout after they were exposed to soured subprime mortgages during the global credit crisis. The two agencies hand over their.

WASHINGTON, Nov 7 (Reuters) – 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.

WASHINGTON, Nov 7 (Reuters) – 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.

Fannie Mae, the mortgage-finance company operating under U.S. conservatorship, will pay the Treasury Department $1.8 billion after reporting net income of. and Freddie Mac are required to turn over.

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.

SoFi reboots its mortgage business with new name, updated processes NEW YORK (TheStreet. SoFi, announced plans for its initial public offering earlier this year, along with a $2 billion funding milestone. "We have no near-term plans of going public, but we think.

Fannie Mae Will pay .8 billion to U.S. Treasury After Profit 0 Comments 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.

Fiserv acquires LOS vendor PCLender let’s play catch up with what has crossed my desk recently with vendor (most of which wouldn’t exist without the internet) news. Conventional. to lenders through the PCLender loan origination.

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