Relevant:
- Freddie Mac Will Seek $6 Billion of Treasury Aid After Posting Wider Loss
- Freddie Mac Posts $5 Billion Profit, Second-Largest In Company History
- Fannie, Freddie to Allow Some On-Time Borrowers to Exit Homes
- Fannie-Freddie Won't Be Addressed Until Next Year, Mnuchin Says
- Government Bailout Of Fannie And Freddie Is Not The Right Choice
2013-08-07 — reuters.com
The two companies have paid nearly $132 billion in dividend payments. Freddie expects to pay the Treasury the $4.4 billion dividend payment by September, bringing Freddie's total to roughly $41 billion as the amount of dividends it will have paid to the Treasury. The company has drawn $71 billion in federal aid, which leaves taxpayers on the hook for about $30 billion.
The debate over how to restructure Fannie Mae and Freddie Mac, along with the broader mortgage market, has kicked off in Congress. President Barack Obama said on Tuesday he wants a smaller federal role in the housing finance system. Any new structure is expected to take years, as lawmakers dismantle and replace the companies.''
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