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AUG 07, 2014 - Business Insider

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Fannie Mae, Freddie Mac to send U.S. Treasury $5.6 billion

Thomson ReutersFannie Mae headquarters building is seen in WashingtonBy Jason LangeWASHINGTON (Reuters) - Government-controlled mortgage finance firms Fannie Mae and Freddie Mac said on Thursday they will pay U.S. taxpayers a combined $5.6 billion in dividends after another profitable quarter.Once they make their latest payments in September, they will have returned $218.7 billion to taxpayers in return for the $187.5 billion in aid they received after being placed under the government's wing at the height of the financial crisis.The two companies, which buy mortgages from lenders and ... Read More

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