Treasury Recoups 59 Percent of Its MBS Investment So Far, Hopes to Turn a Profit for U.S. Taxpayers
June 10, 2011
The federal government will likely turn a profit on the Fannie Mae and Freddie Mac MBS purchased by the Treasury Department in the wake of the collapse of the two government-sponsored enterprises in September 2008. Treasury said it received an additional $12.9 billion during the month of May in proceeds from its agency MBS investment, through sales with a market value of $10.5 billion ($10.0 billion principal value) and principal and interest payments of $2.4 billion. Through the end of May 2011, taxpayers have received...
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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