Fannie to Pay U.S. Nearly $60 Billion

Fannie Mae “will make a $59.4 billion dividend payment to the U.S. Treasury, the company said Thursday after reporting a record first-quarter profit,” the Wall Street Journal reports.

“Fannie’s expected payment will bring to $95 billion the amount of dividends it has paid to the Treasury, compared to $116.1 billion in aid it absorbed between 2008 and 2011. If the profits of recent periods are sustained, Fannie could within the next year return more money to the Treasury than it has borrowed–though its payments aren’t going toward the actual repayment of its rescue funding.”