
“The firm, along with a sibling corporation named Freddie Mac, is at the heart of a US mortgage market that imploded during the financial crisis. The two firms received some of the biggest taxpayer bailouts in 2008. But now, as housing markets are recovering, so are their fortunes. Fannie Mae has drawn some $116 billion in financial support from the US Treasury since the firm was taken over in a federal conservatorship in 2008. Some $35.6 billion of that has, in effect, been paid back through dividend payments to the Treasury since 2009. Executives at Fannie and Freddie are touting the role they’ve played in buoying the housing market since the recession ended.”
Related posts:
U.S. Postal Service hopes to be the ‘cutting edge of functional fashion’
13 corrections officers indicted in Md., accused of aiding gang’s drug scheme
Russia Offers Fukushima Cleanup Help as Tepco Reaches Out
Regulation Opens Door to FinTech Startup Opportunities
Disruptions: A Digital Underworld Cloaked in Anonymity
Space cadets gather in D.C. for one-way ticket to Mars
News report on running man seeking help killed by North Carolina Police
Wisconsin Education Officials Want Students to Wear ‘White Privilege’ Wristbands
Musharraf says blasphemy law cannot be changed (2011)
Chinese Way of Doing Business: In Cash We Trust
Bitcoin Ready To Go Mainstream With First U.S. Exchange
Secretive DEA unit told to cover-up massive spy program used to investigate Americans
Shanghai Fund Manager Dumps All Holdings in ‘Insane’ Market
As Bitcoin Surges, Here's How It Compares to Gold
2 LAPD officers allegedly forced sex acts on women