Saturday , 28 November 2020

Treasury: Taxpayer Bailout of Fannie Mae and Freddie Mac Was Not an ‘Ordinary’ Loan

By Brian Honea

DeValk noted that when Fannie Mae and Freddie Mac were taken into conservatorship by the FHFA in September 2008, the GSEs agreed to pay quarterly fixed dividends to Treasury that were equal to 10 percent of the total amount of outstanding funding that Treasury had provided for the enterprises.

The post Treasury: Taxpayer Bailout of Fannie Mae and Freddie Mac Was Not an ‘Ordinary’ Loan appeared first on DSNews.

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