Mortgage Bailout Now Profitable To Taxpayers


Published 02/21 2014 11:00AM

Updated 02/21 2014 11:06AM

Taxpayers have now turned a profit on the $187 billion bailout of two mortgage giants.

This dates back to the 2008 financial crisis.

That's when the government gave Fannie Mae and Freddie Mac a lifeline, as the housing market tanked.

Now, taxpayers have recouped all of that money.

Fannie Mae reported Friday it will pay an additional seven billion dollars in profit to the treasury.

That brings the total payments from the two firms to $192 billion.

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