Saturday, June 8, 2013

How Much do Fannie and Freddie Still Owe the US Taxpayers?

Fannie Mae and Freddie Mac took a lot of money from U.S. taxpayers during the Great Recession, but now they’re giving it back. The two mortgage giants are again reporting record profits this quarter. Fannie Mae (FNMA), the larger of the two, reported an $8.1 billion pretax profit, the largest quarterly pretax income in the company’s history. Meanwhile, Freddie Mac (FMCC) took in $4.6 billion, the second largest in its history.