Fannie and Freddie to Pay Back most of Their Bailout

This is good news, such a quick payback.

 

From DS News

GSEs to Return Another $39B to Taxpayers

Both Fannie Mae and Freddie Mac continue to see strong profits as the housing market improves. With the release of their third-quarter results the GSEs announced they will be making substantial payments to the U.S. Treasury in December--$8.6 billion from Fannie Mae and $30.4 billion from Freddie Mac. Together, the two companies will have paid back about $185 billion to taxpayers as of December, nearly equaling the $188 billion in bailout money provided to the two mortgage financiers. » Read More

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

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