Friday, October 28, 2011

Fannie, Freddie Bailout Costs Revised Lower

A federal regulator on Thursday revised down the US government's likely tab for bailing out Fannie Mae and Freddie Mac as the mortgage-finance giants begin to repay more money to taxpayers. Fannie and Freddie have cost taxpayers a total of $141 billion so far, but that tab will begin to shrink as narrower losses at the firms allow them to pay back more. The numbers may show the firms are stabilizing; however, they are unlikely to return to profitability in the near future because the dividend payments will wipe out any possible profits. Check out the article and video: Fannie, Freddie Bailout Costs Revised Lower

1 comment:

  1. Fannie and Freddie messed up bad, these two mortgage- finance companies are in desperate need of a bailout. It is because of companies like these that are nation is suffering from this financial crisis.

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