Fannie Mae will pay $2.8B to Treasury after profit

The loss is more than the $3 billion that Fannie and Freddie Mac are now allowed to hold, which means that Fannie Mae needs a draw from the Treasury of $3.7 billion to eliminate its budget deficit.

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Government-controlled mortgage company Fannie Mae said Friday that its second-quarter loss widened as it continues to seek loan modifications to help reduce defaults amid the ongoing difficulties.

Freddie Mac said on Tuesday that it will pay $2.2 billion in June after reporting a first-quarter profit. With next month’s payments, the two companies will have returned about $271 billion to taxpayers. Fannie’s net interest income, which includes income from guaranteeing mortgages, was $5.3 billion, compared to $5.8 billion in the fourth quarter.

Fannie Mae’s annual pre-tax income for 2017 was $18.4 billion, compared with $18.3 billion in 2016. Fannie Mae reported a fourth quarter 2017 net loss of $6.5 billion, compared with net income.

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.

NEW YORK (AP) – 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.

Citizens Bank adapts to a market that continues to defy predictions New documents give hope to Fannie shareholders seeking redress Canada home prices fall the most since 2008 PDF LATEST NEWS – investorsunite.org – to shortchange Fannie, Freddie investors," Value Walk’s "Fannie Mae, Freddie mac: secret treasury documents leaked," and InsideSources’ "New Documents Reveal Treasury Was Claiming Fannie-Freddie Value that Belonged to Shareholders" point to Treasury’s informed efforts to maximize its revenues at the expense of shareholders.Stay in the know with a free weekly summary of trending Financial Regulatory News and Deadlines. Don’t miss a beat with Compliance.ai Regulatory Reports.

 · Fannie Mae and Freddie Mac are set to send another $6.8 billion to the U.S. Treasury after posting a mild increase in profits for the third quarter. For its part, Fannie Mae.

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 · Washington-based Fannie Mae will pay a dividend of $3.1 billion to the U.S. Treasury next month if the company’s federal regulator agrees.. fannie Mae posts $3.2B profit in 2Q; to pay.

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

NEW YORK — 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.

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