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CBS News reported on August 6, 2015, that Fannie Mae alone has paid a total of $142.5 billion in dividends since receiving a bailout of $116 billion in 2008. [66] On September 24, 2012, a judge dismissed a class-action lawsuit that contended that Freddie Mac made misleading statements about its exposure to risky loans in the run-up to the ...
Investors are ramping up bets that Trump 2.0 will loosen the federal government’s grip over mortgage giants Freddie Mac and Fannie Mae, ending one of the oldest fights on Wall Street.
The stocks of Freddie Mac and Fannie Mae — semi-acronyms for Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association — jumped in the hours after Ackman’s comments.
Fannie Mae and Freddie Mac said on Thursday they will pay a combined $4.7 billion in dividends to the U.S. Treasury Department by March as the housing finance agencies posted stronger annual 2018 ...
Fannie Mae's 2014 financial results enabled it to pay $20.6 billion in dividends to Treasury for the year, resulting in a cumulative total of $134.5 billion in dividends through December 31, 2014 – approximately $18 billion more than Fannie Mae received in support.
March 18, 2008: In a contentious meeting, the Federal Reserve cut the federal funds rate by 75 basis points, its 6th cut in 6 months. [121] It also allowed Fannie Mae & Freddie Mac to buy $200 billion in subprime mortgages from banks. Officials thought this would contain the possible crisis.
After Ackman’s post, shares of both companies enjoyed a boost, with Fannie Mae rising 18.4 percent and Freddie Mac up 18 percent. The companies are two of the biggest backers of mortgages in the ...
Sept. 7, 2008: Federal regulators, led by the Federal Housing Finance Agency, force Freddie Mac and Fannie Mae into government conservatorship to prevent financial contagion in the event of a ...