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...