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Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) could repay the Treasury for their 2008 bailout...

Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) could repay the Treasury for their 2008 bailout sooner than initially planned, due to a change in the terms of the rescue, the FHFA says. Previously, the firms had to pay a 10% quarterly dividend even if they lost money, and would even borrow money from the Treasury to do so; now they pay a dividend only if they make a profit. The FHFA's prediction follows news that Fannie could repay up to $61.5B due to an accounting change.
Comments (3)
  • DeepValueLover
    , contributor
    Comments (8167) | Send Message
     
    I had some Freddie common that I picked up for ~25ยข in late 2011 as a pure lottery ticket.

     

    Kinda forgot about it.

     

    Now I wish I had scooped up tens of thousands of shares more as now I wouldn't be surprised if the common stock is not back into the teens by 2017.
    20 Mar 2013, 01:29 PM Reply Like
  • sdbshulin
    , contributor
    Comment (1) | Send Message
     
    haha, same experience and same feeling
    21 Mar 2013, 04:36 AM Reply Like
  • AndreaQ
    , contributor
    Comment (1) | Send Message
     
    Fannie Mae and Freddie Mac, the government-backed mortgage insurance and brokerage businesses, have been in huge financial trouble for many years. Both have obtained billions in taxpayer-funded loans. However, Fannie has published its first profit since 2008 and declined any federal loans for the moment. Source for this article: short term loans easy repayment
    21 Nov 2013, 09:53 PM Reply Like
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