Volume 14 - Number 4
February 21, 2014
Fannies 4Q Profits Allow GSE to Repay Treasury Plus $5.0 Billion
Fannie Mae reported net earnings of $6.5 billion in the fourth quarter late this week, revealing that the companys total dividend payments to the U.S. Treasury will exceed the $116.1 billion that the GSE has drawn since being put into conservatorship in late 2008. The company will pay the Treasury $7.2 billion in dividends in March. With the March dividend payment, Fannie will have paid a total of $121.1 billion in dividends to the Treasury the equivalent amount of its entire draw plus an additional $5.0 billion.
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