FannieMae is making the Dough

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I don’t understand how it makes so much dough, but it says it does.

 

From DS News

 

Fannie Mae Reports Net Income of $1.9 Billion for Q1

Fannie Mae's comprehensive income for Q1 was reported at $1.8 billion, up from $1.3 billion in Q4. The Enterprise reported a net worth of $3.6 billion as of the end of Q1, which will result in a payment of $1.8 billion to the Department of Treasury in June per the terms of a 2012 amendment to the 2008 bailout agreement. Following the forthcoming June payment, Fannie Mae will have paid $138.2 billion in dividends to Treasury – about $22.1 billion more than the $116.1 billion bailout Fannie Mae received from taxpayers in 2008 to continue operations.
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- Sunil Sethi

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