US: Fannie Mae profits push taxpayers into black on housing bailout

Source: Reuters

- Last modified: February 21, 2014 at 9:26 AM

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Fannie Mae said on Friday it would soon send the U.S. Treasury $7.2 billion, a profit-related dividend that makes taxpayers whole for the 2008 bailout of the mortgage-financing giant and its sibling company Freddie Mac.

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