Congressional Inaction Helps Fannie Mae And Freddie Mac Rebound From Bailout

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August 08, 2017

It might not be too noticeable, but both Fannie Mae and Freddie Mac have evolved since the infamous 2008 bailout.

MarketWatch reports that Fannie Mae and Freddie Mac reformed themselves from large hedge funds to mortgage guarantee companies without the aid of Congressional action.

According to their second-quarter earnings report, Freddie Mac will pay a dividend of $2.0 billion and Fannie Mae will pay a $3.1 billion dividend to the Treasury next month.

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