Fannie Mae
| $116,149,000,000 |
| Committed |
| 62% |
| of Government-Sponsored Enterprise bailout commitment |
| 20.2% |
| of total bailout commitment. |
| Disbursed | $116,149,000,000 |
| Returned | $0 |
| Revenue to Gov't | $22,603,000,000 |
| Net Outstanding | $93,546,000,000 |
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Map: Corporate headquarters of Fannie Mae.
Washington,
D.C.
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We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
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- Our bailout recipient list tracks the companies to which Treasury has committed money.
On Sep. 7, 2008, the government took over Fannie Mae and Freddie Mac. Under the terms of the rescue, the Treasury has invested billions to cover the companies' losses.
The Fannie and Freddie bailout is separate from the broader $700 billion bailout -- known as the TARP -- and instead comes via the Housing and Economic Recovery Act of 2008, passed in July 2008. In February 2009, Treasury Secretary Tim Geithner said as much as $200 billion in taxpayer money might be put into each company. In December of 2009, the Treasury removed that cap, meaning an unlimited amount of money could be invested.
Events
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$3B Revenue
Mar. 31, 2012 Dividend Payment
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$5B Bailout
Feb. 29, 2012 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$3B Revenue
Dec. 31, 2011 Dividend Payment
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$8B Bailout
Nov. 9, 2011 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.sec.gov -
$2B Revenue
Sep. 30, 2011 Dividend Payment
Part of Preferred Stock InvestmentsMore info from www.sec.gov -
$5B Bailout
Aug. 5, 2011 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.sec.gov -
$2B Revenue
Jun. 30, 2011 Dividend Payment
Part of Preferred Stock InvestmentsMore info from www.sec.gov -
$9B Bailout
May 6, 2011 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$2B Revenue
Mar. 31, 2011 Dividend Payment
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$3B Bailout
Feb. 24, 2011 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$2B Revenue
Dec. 31, 2010 Dividend Payment
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$3B Bailout
Nov. 5, 2010 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.sec.gov -
$2B Revenue
Sep. 30, 2010 Dividend Payment
Part of Preferred Stock InvestmentsMore info from www.sec.gov -
$2B Bailout
Aug. 5, 2010 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$2B Revenue
Jun. 30, 2010 Dividend Payment
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$8B Bailout
May 10, 2010 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$2B Revenue
Mar. 31, 2010 Dividend Payment
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$15B Bailout
Feb. 26, 2010 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.sec.gov -
$1B Revenue
Dec. 31, 2009 Dividend Payment
Part of Preferred Stock InvestmentsMore info from www.sec.gov -
Dec. 24, 2009 Treasury Removes $400 Billion Cap on Fannie, Freddie Aid
The Treasury says that in order to preserve "the continued strength and stability of the mortgage market," it is removing the $400 billion cap ($200 billion for each) the Treasury Department placed on the aid earlier in 2009. For the next three years, the Treasury will cover Fannie and Freddie's losses, no matter how large.
Part of Preferred Stock InvestmentsMore info from financialstability.gov -
Nov. 4, 2009 Fannie Mae Asks for $15 Billion More
Fannie Mae reports a $18.9 billion billion loss for the third quarter of 2009. To fill the holes of its losses, the Federal Housing Finance Agency requests $15 billion from the Treasury.
Part of Preferred Stock InvestmentsMore info from www.propublica.org -
$15B Bailout
Nov. 4, 2009 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.sec.gov -
$883M Revenue
Sep. 30, 2009 Dividend Paid
Part of Preferred Stock InvestmentsMore info from www.sec.gov -
$11B Bailout
Aug. 6, 2009 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
Aug. 6, 2009 Fannie Mae Asks for $10.7 Billion More
Fannie Mae reports a $14.8 billion billion loss for the second quarter of 2009. To fill the holes of its losses, the Federal Housing Finance Agency requests $10.7 billion from the Treasury.
Part of Preferred Stock InvestmentsMore info from www.propublica.org -
$409M Revenue
Jun. 30, 2009 Dividend Paid
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$19B Bailout
May 8, 2009 Preferred Stock
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
May 8, 2009 Fannie Mae Asks for $19 Billion More
Fannie Mae reports a $23.2 billion loss for the first quarter of 2009. To fill the holes of its losses, the Federal Housing Finance Agency requests $19 billion from the Treasury.
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$25M Revenue
Mar. 31, 2009 Dividend Paid
Part of Preferred Stock InvestmentsMore info from www.fanniemae.com -
$15B Bailout
Mar. 31, 2009 Preferred Stock
Part of Preferred Stock Investments -
Feb. 26, 2009 Fannie Mae Asks for $15.2 Billion
Fannie Mae reports a $25.2 billion loss for the fourth quarter of 2008 and losses for all of 2008 totaling $58.7 billion. To fill the holes of its losses, the Federal Housing Finance Agency requests $15.2 billion from the Treasury.
More info from www.fanniemae.com -
Feb. 18, 2009 Treasury Ups Limit for Fannie and Freddie to $200 Billion
Geithner announces that the Treasury is increasing its funding commitment to both Fannie and Freddie from $100 billion to $200 billion.
More info from www.ustreas.gov -
Sep. 7, 2008 Government Rescues Fannie and Freddie
Fannie and Freddie are placed under the conservatorship of the Federal Housing Finance Agency. For each company, the current CEOs and board of directors are dismissed, and Treasury receives warrants for each representing 79.9 percent of the common stock. Under the terms of the rescue, the Treasury commits to invest up to $100 billion in each company to compensate for their losses.
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Jul. 30, 2008 Treasury Gets Authority to Rescue Fannie and Freddie
President Bush signs the Housing and Economic Recovery Act of 2008, which authorizes funds for a government rescue of Fannie Mae and Freddie Mac.
More info from frwebgate.access.gpo.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 03/31/2012 | Dividend | $2,817,000,000 | PSI | Dividend Payment |
| 02/29/2012 | Purchase | $4,571,000,000 | PSI | Preferred Stock |
| 12/31/2011 | Dividend | $2,622,000,000 | PSI | Dividend Payment |
| 11/09/2011 | Purchase | $7,791,000,000 | PSI | Preferred Stock |
| 09/30/2011 | Dividend | $2,494,000,000 | PSI | Dividend Payment |
| 08/05/2011 | Purchase | $5,087,000,000 | PSI | Preferred Stock |
| 06/30/2011 | Dividend | $2,282,000,000 | PSI | Dividend Payment |
| 05/06/2011 | Purchase | $8,500,000,000 | PSI | Preferred Stock |
| 03/31/2011 | Dividend | $2,216,000,000 | PSI | Dividend Payment |
| 02/24/2011 | Purchase | $2,600,000,000 | PSI | Preferred Stock |
| 12/31/2010 | Dividend | $2,154,000,000 | PSI | Dividend Payment |
| 11/05/2010 | Purchase | $2,500,000,000 | PSI | Preferred Stock |
| 09/30/2010 | Dividend | $2,116,000,000 | PSI | Dividend Payment |
| 08/05/2010 | Purchase | $1,500,000,000 | PSI | Preferred Stock |
| 06/30/2010 | Dividend | $1,907,000,000 | PSI | Dividend Payment |
| 05/10/2010 | Purchase | $8,400,000,000 | PSI | Preferred Stock |
| 03/31/2010 | Dividend | $1,527,000,000 | PSI | Dividend Payment |
| 02/26/2010 | Purchase | $15,300,000,000 | PSI | Preferred Stock |
| 12/31/2009 | Dividend | $1,151,000,000 | PSI | Dividend Payment |
| 11/04/2009 | Purchase | $15,000,000,000 | PSI | Preferred Stock |
| 09/30/2009 | Dividend | $883,000,000 | PSI | Dividend Paid |
| 08/06/2009 | Purchase | $10,700,000,000 | PSI | Preferred Stock |
| 06/30/2009 | Dividend | $409,000,000 | PSI | Dividend Paid |
| 05/08/2009 | Purchase | $19,000,000,000 | PSI | Preferred Stock |
| 03/31/2009 | Purchase | $15,200,000,000 | PSI | Preferred Stock |
| 03/31/2009 | Dividend | $25,000,000 | PSI | Dividend Paid |
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