March 10, 2014
OMB Projects Bigger Returns on Fannie and Freddie (NICK TIMIRAOS, 3/10/14, WSJ)
By the end of March, the two mortgage-finance companies that were seized by the U.S. in 2008 will have returned $202.9 billion in dividend payments, after receiving $187.5 billion in federal support between 2008 and 2011. The budget projections released Monday by the White House Office of Management and Budget show that the companies could return an additional $163.8 billion through the 2024 fiscal year if the bailout arrangement remains in place.By that tally, Fannie and Freddie would return $179.2 billion more to taxpayers than they were required to borrow.
Posted by Orrin Judd at March 10, 2014 2:12 PM