The Traderszone Network

Published in TZ Latest News 6 November, 2014 by The TZ Newswire Staff

Fannie Mae to send $4 bln to U.S. Treasury after Q3 profit

Government-controlled mortgage finance firm Fannie Mae said on Thursday it will pay U.S. Once it has made the latest payment in December, it will have returned $134.5 billion to taxpayers in exchange for the $116.1 billion in taxpayer aid it received after being placed under the government’s wing at the height of the financial crisis.