In addition to positive chatter on the litigation front after a weekend New York Times piece, today’s upside in GSEs Freddie Mac (OTC: FMCC) and Fannie Mae (OTC: FNMA) could come as Freddie Mac has announced that it will release Q4 and full-year 2014 financial results before market open on February 19. Fannie Mae is expected to release its earnings in the days ahead as well.

Most expect another multi-billion dividend payment to the Treasury. Specifically, Compass Points’ Isaac Boltansky notes with the expected Q4 payment, the Treasury Department would have received over $225 billion in cash payments on its $189 billion in GSE senior preferred stock.

Fannie Mae is up 10.6% mid-day, while Freddie Mac is up 11.2%.

http://www.streetinsider.com/Analyst+Comments/Dividend+Payments+from+Fannie+Mae+(FNMA)+and+Freddie+Mac+(FMCC)+Expected+to+Top+$225+Billion/10277560.html