Fannie Mae-No Politics (FNMA)

[navycmdr]

Carney is hard at work bashing the GSE shareholders ...

Fed Not Behind GSE Holders Getting Dividends -- Market Talk

Last update: 25/03/2015 9:50:46 am

12:50 EDT - The Fed has thrown cold water on investor hopes that Fannie (FNMA) or Freddie (FMCC) might start paying dividends to holders of their junior preferred or common shares.

The mortgage-finance giants were rescued from collapse by the infusion of taxpayer funds and put into conservatorship in 2008. Since then, they have made payments to the government that exceed the rescue funds they received: FNMA got $116.1B and has paid $134.5B while FMCC has paid $91B after taking $71.3B.

"Should these figures be interpreted to mean that the Treasury, and therefore taxpayers, have been 'repaid' by Fannie Mae and Freddie Mac and that the two firms should now pay dividends to their regular shareholders again ?

The answer is no," say New York Fed researchers in a staff report released Tuesday. ([e-mail]; @carney[/color])