Fannie And Freddie Made $5.1 Billion In Profit, And Shareholders Want A Piece Of It
The Motley Fool - August 21, 2014 - August 21, 2014
The Motley Fool, by Matthew Frankel
However, all of Fannie and Freddie’s profits go straight to the U.S. Treasury, so why should investors even care? And, will the continued profitability of both agencies give shareholders the legal ammunition they need to finally see some return on their investment?
Strong results from both agencies
As mentioned, both companies delivered strong results for the second quarter, combining for more than $5 billion in profits. While this is substantially less than the companies earned in the first quarter, most of the drop is due to receiving less income from settlement agreements.