Obama Budget Projects $191 Billion Profit From Fannie, Freddie
Bloomberg - February 2, 2015 - February 3, 2015
Bloomberg, By Clea Benson
Fannie Mae and Freddie Mac could return $191.2 billion in profits to taxpayers over the next 10 years if they continue operating under federal conservatorship, according to White House budget analysts.
The mortgage-finance companies, which have operated under U.S. conservatorship since they were seized during the 2008 credit crisis, are making money again after a $187.5 billion bailout. Through December, they had returned $225.5 billion to the Treasury, which takes all of their profits.
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