Profits flowing from Fannie Mae and Freddie Mac are poised to be the multi-billion dollar gift that keeps on giving, and could return nearly $180 billion to the Treasury Department over the next decade, according to a White House analysis. The analysis, which is part of the Obama administration’s 2015 budget, assumes the two government-sponsored enterprises will remain in operation and continue to pay dividends to the government under the current “net worth sweep” arrangement. The cumulative budgetary impact of the senior preferred stock purchase agreements will generate...