Legal News

Freddie & Fannie to Fork Over $39 Billion
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Mortgage Financiers Freddie Mac and Fannie Mae will pay the US Treasury $39 billion in dividends. Freddie will give $30.4 billion and Fannie will pay $8.6 billion, after both had strong Q3 earnings. The payments will bring the two “quasi-public” companies closer to their public repayment breakeven point after receiving a massive post housing bubble bust cash infusion.

After these two payments will be made, both Mac and Mae will have given the government $185.2 billion back, relative to the $187.4 billion that they were given in their time of need. Fannie and Freddie are under U.S. “conservatorship” as the Treasury “maintains control through its preferred stock in both companies,” according to Yahoo News.


The debate is ongoing in Congress on how exactly to restructure the firms once they are in the black and profitable again. There are calls for the businesses to shrink and wind down, or even to “get the government out of the mortgage finance business.”

Both Freddie and Fannie have seen good times with the rebounding housing market, as healthier home prices and fewer foreclosures require a smaller sinking fund for loan-losses.

Freddie reported a net income this quarter of 30.5 billion up from $2.9 billion last year. Fannie reported that it was $8.7 billion up from $1.8 billion last year. Both companies have positive outlooks for the future.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

Image Credit:





Search Now

Complex Litigation Attorney with 3-5 years of arbitration experience


Miami office of our client seeks complex litigation attorney with 3-5 years of law firm experience i...

Apply Now

Senior Business & Commercial Litigation Attorney


Irvine office is seeking a business and commercial litigation attorney with 5+ years of experience. ...

Apply Now

Commercial Litigation Attorney with 1-3 years of experience


Dallas office of our client seeks litigation attorney with 1-3 years of experience. The candidate wi...

Apply Now

Labor and Employment Attorney with 3-4 years of litigation experience

USA-CA-Los Angeles

Los Angeles office of our client seeks labor and employment attorney with 3-4 years of litigation ex...

Apply Now


Legal Assistant


Job Summary Full-time, administrative support position at boutique downtown law firm. Position...

Apply now

Business Law Associate | Burlington


Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Business Law Junior Associate | Burlington, VT


Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Legal Assistant- Bilingual

USA-NV-Las Vegas

Prestigious personal injury firm seeks superstar BILINGUAL legal assistant! Candidate MUST have...

Apply now

Most Popular


To Top