Fannie Mae (FNMA)

Federal National Mortgage Association (FNMA)   - OTC BB     Follow 9-5-14  ON THE WAY UP AT 4.28 NOW Fannie and Freddie: Too big to wind down By  Aaron Task 1 hour ago Daily Ticker The housing market may have slowed in the first quarter but the good times kept rolling for Fannie Mae and Freddie Mac. The mortgage finance giants reported combined net income of $9.3 billion in the first quarter and announced plans to deliver another $10.2 billion of dividends to the U.S. Treasury by June 30. Related:   Why the housing market is suddenly struggling So how did Fannie and Freddie do so well when the rest of the industry slumped? About 75% of the firms' net income last quarter came from legal settlements with big banks stemming from alleged misdeeds in the years leading up to the 2008 crisis. In sum, the banks pay Fannie and Freddie, which turn around and send the money to Treasury; think of it as the inverse of the 2008 bai...