Low interest rates and a growing refi market helped Fannie Mae and Fred-die Mac post robust earnings. The GSEs expect to send a combined $5.2 bil-lion to Treasury as dividend.
Lower rates have created a land rush by apartment owners to refinance their multifamily loans, potentially straining the capacity of Fannie and Freddie. However...
The trade group last week said it would not support releasing Fannie and Freddie from conservatorship unless Congress first creates an explicit gov-ernment guarantee for their mortgage-backed securities.