Joseph Otting, acting director of the Federal Housing Finance Agency, set the rumor mills in motion last week when he told an audience at George Mason University Law School that the agency would finish work this summer on final capital rules for Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency this week announced that acting Director Joseph Otting authorized Fannie Mae and Freddie Mac to release payments to both the National Housing Trust Fund and the Capital Magnet Fund.
Although Fannie and Freddie were taken over by the government in the fall of 2008, the two have been wildly profitable – with a few bumps along the way – since 2012.