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Housing Bottom? Fannie Mae Won't Seek Tax Dollars
Evidence is mounting that U.S. home prices are finally hitting bottom, and now comes the best news yet: Fannie Mae says that for the first time since 2008, it won’t need money from the Treasury Department to balance its books.

Fannie Mae, the biggest backer of U.S. home loans, used to brag that it would be safe from even a severe downturn in the housing market. That turned out to be tragically incorrect. It has drawn $117 billion in aid since being seized by federal regulators in 2008.

Fannie’s announcement today is good news on two counts: It means taxpayers won’t have to shell out any money to support Fannie (at least related to the first quarter—it may need support in the future). More important, it’s another signal that housing is getting ready to turn the corner.
http://www.businessweek.com/articles/2012-05-09/housing-bottom-fannie-mae-wont-seek-tax-dollars