Aug 13, 2012
Fannie and Freddie show Q2 profits
13 Aug 2012
Posted by Andrew Kantor
In case you’re wondering, both Fannie Mae and Freddie Mac turned a healthy (and unexpected) profit in Q2 — $5.1 billion for Fannie and $3.0 billion for Freddie.
To put that in perspective, in Q2 of 2011, Fannie posted a loss of $2.9 billion.
They’ve also paid back about a quarter of the $188 billion the government spent to bail them out. If their profitability continues, they should be able to pay us back within a few years.