Mortgage Bailout Now Profitable To Taxpayers

-
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.

More Stories

Don't Miss

  • Weather
    Copyright 2017 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
  • Studio4
    Copyright 2017 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
  • Play Games
    Copyright 2017 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
  • At the Movies
    Copyright 2017 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
  • Follow Us
    Copyright 2017 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.