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Volume 2014 - Number 18

May 8, 2014

Fannie, Freddie Earn Combined $9.3 Billion in First Quarter, GSEs Downplay Expectations of Future Profits

Fannie Mae and Freddie Mac together earned $9.3 billion in the first quarter, thanks largely to big settlements of lawsuits over non-agency mortgage-backed securities. Together, the two government-sponsored enterprises will have paid about $213.1 billion to the Treasury at the end of June, roughly $25.1 billion more than the $188 billion the two companies have drawn from the Treasury since being placed in government conservatorship. Freddie earned...

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