Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter. The government-controlled mortgage company has already paid the Treasury $154.4 billion in dividends since receiving $116.1 billion in government bailouts.
Radian acts to increase capital cushion at MI unit Radian Group contributed million to an exclusive affiliated reinsurer of Radian Guaranty. The combination of the surplus note and capital contribution will provide Radian Guaranty with an initial cushion above the projected amount required to satisfy the PMIERs’ financial requirements.
Fannie Mae reports Q1 net income of $2.8B in Q1, and positive net worth of $3.4B. The GSE earned $5B in Q4. The GSE earned $5B in Q4. With this $2.8B payment, Fannie will have paid a total of $162.
WASHINGTON –The U.S. Department of the Treasury today announced a set of modifications to the Preferred Stock Purchase Agreements (PSPAs) between the Treasury Department and the Federal Housing Finance Agency (FHFA) as conservator of Fannie Mae and Freddie Mac (the Government Sponsored Enterprises or GSEs) that will help expedite the wind down of Fannie Mae and Freddie Mac, make sure that.
Government-backed mortgage giants Fannie Mae and Freddie Mac are paying a combined $10 billion in dividends to the U.S. Treasury, a sign that a revived housing market is allowing the once-ailing.
The government-controlled mortgage company has already paid the Treasury $154.4 billion in dividends since receiving $116.1 billion in government bailouts between 2008 and 2011. Fannie Mae’s sibling Freddie Mac, which was also rescued by the government during the recession, said Thursday that it would pay the Treasury a $4.5 billion dividend next month after its profit soared.
Fannie Mae to pay U.S. $59.4 billion after record quarterly profit – WASHINGTON — Bailed-out housing finance giant fannie Mae said Thursday it would pay the U.S. government $59.4 billion after. profit, the second-best in its history. Freddie Mac said it would pay.
Fannie mae reports .8 billion quarterly profit as capital buffers dry up. Mortgage financier Fannie Mae reported net income in the first quarter that. Fannie will remit $2.8 billion to.
Fannie Mae will pay U.S. $5.5B after reporting profit. The government took over Fannie and Freddie in 2008, eventually sending them bailout money of $187.5 billion. Fannie’s portion of that was $116.1 billion, and after March’s payment, Fannie will have paid the U.S. Treasury $159.9 billion.
Fannie Mae – apnews.com – Washington-based Fannie Mae also will pay a dividend of $2.9 billion to the U.S. Treasury next month. With that payment, Fannie will have paid a. Freddie Mac posts 3m profit in 2q; paying 3m dividend
Credit Suisse relief plan could downsize RMBS settlement amount · Through the bulk settlement practice, credit suisse collected funds when loans it sold to RMBS trusts violated terms in MLPAs and this practice would have been material to.Costs rack up as PHH tries to survive by shrinking Flagstar CEO: We’re not ‘just a mortgage company’ March 19, 2018 /PRNewswire/ — Flagstar Bancorp, Inc. ("Company. not disclosed. "We’re happy to welcome the customers and employees of Desert Community Bank to the Flagstar family," said Alessandro.Single-family delinquencies at Freddie Mac inch down Bi-County looks to cut costs. May close convenience centers on Sundays as it tries to expand landfill.