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Bailout Tracker

Tracking Every Dollar and Every Recipient

Companies » Government-Sponsored Enterprise

Freddie Mac

McLean, Va. | See all recipients in Virginia
$71.3B Disbursed
$0 Returned
$29.6B Revenue to Gov't
$41.8B Net Outstanding
$71.3B Committed
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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.

In August of 2012, the Treasury announced further changes to its agreements with both Fannie and Freddie. Starting in 2013, both Fannie and Freddie began paying the Treasury dividends based on a different arrangement: Each quarter, Fannie and Freddie must make payments based on their net value above a capital reserve level. In previous years, Fannie and Freddie had paid dividends based on a 10 percent annual rate.

Events

Date Type Amount Program Description
03/30/2013 Dividend $5,827,000,000 PSI Dividend Payment
12/31/2012 Dividend $1,808,000,000 PSI Dividend Payment
09/30/2012 Dividend $1,809,000,000 PSI Dividend Payment
06/30/2012 Dividend $1,809,000,000 PSI Dividend Payment
05/03/2012 Purchase $19,000,000 PSI Preferred Stock
03/31/2012 Dividend $1,807,000,000 PSI Dividend Payment
03/09/2012 Purchase $146,000,000 PSI Preferred Stock
12/31/2011 Dividend $1,655,000,000 PSI Dividend Payment
11/03/2011 Purchase $5,992,000,000 PSI Preferred Stock
09/30/2011 Dividend $1,618,000,000 PSI Dividend Payment
08/08/2011 Purchase $1,479,000,000 PSI Preferred Stock
06/30/2011 Dividend $1,617,000,000 PSI Dividend Payment
03/30/2011 Dividend $1,605,000,000 PSI Dividend Payment
02/24/2011 Purchase $500,000,000 PSI Preferred Stock
12/31/2010 Dividend $1,603,000,000 PSI Dividend Payment
11/03/2010 Purchase $100,000,000 PSI Preferred Stock
09/30/2010 Dividend $1,558,000,000 PSI Dividend Payment
08/09/2010 Purchase $1,800,000,000 PSI Preferred Stock
06/30/2010 Dividend $1,296,000,000 PSI Dividend Payment
05/05/2010 Purchase $10,600,000,000 PSI Preferred Stock
03/31/2010 Dividend $1,292,000,000 PSI Dividend Payment
12/31/2009 Dividend $1,292,000,000 PSI Dividend Payment
09/30/2009 Dividend $1,294,000,000 PSI Dividend Paid
06/30/2009 Dividend $1,149,000,000 PSI Dividend Paid
05/12/2009 Purchase $6,100,000,000 PSI Preferred Stock
03/31/2009 Purchase $30,800,000,000 PSI Preferred Stock
03/30/2009 Dividend $370,000,000 PSI Dividend Paid
12/31/2008 Dividend $172,000,000 PSI Dividend Paid
11/29/2008 Purchase $13,800,000,000 PSI Preferred Stock

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