Fannie Mae and Freddie Mac took a lot of money from U.S. taxpayers during the Great Recession, but now they're giving it back.
The two mortgage giants are again reporting record profits this quarter. Fannie Mae, the larger of the two, reported an $8.1 billion pretax profit, the largest quarterly pretax income in the company's history. Meanwhile, Freddie Mac took in $4.6 billion, the second largest in its history.
And all that money, along with a $50.6 billion Fannie Mae tax credit from years ago, will be paid to the federal government. That's about $63 billion filling Uncle Sam's coffers so far -- and we're only halfway through the year.
But they still owe us. The question is how much.
There are really two answers.
Read more...How much do Fannie and Freddie still owe us? - CBS News
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