Posted 16 November 2012 - 09:21 AM
Same for Occupy Wall St. Did they do anything towards F&F?
The total amount invested in Fannie and Freddie so far is $187.5B. They have returned none of the money invested so far—and might never do so.
The Treasury has been earning a return on its investments. So far Fannie and Freddie have paid $50.4B in dividends to the Treasury.
Posted 16 November 2012 - 10:50 AM
Posted 16 November 2012 - 11:54 AM
Posted 16 November 2012 - 03:05 PM
The FHA insures more than $1 trillion in mortgages, and is required to have capital reserves equal to 2% of that figure. A recent audit shows that reserves now stand at $1.2 billion, or about 0.12% of guaranteed loans – significantly less than mandated by Congress. The losses largely stem from high delinquency levels on loans made between 2007-2009.
oh and the FHA is out of money or almost close to it. *gulp*