Fannie Mae 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. <a href="http://bailout.propublica.org/programs/10-preferred-stock-investments">The Fannie and Freddie bailout</a> is separate from <a href="http://bailout.propublica.org/programs/index">the broader $700 billion bailout</a> -- 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 <a href="http://www.ustreas.gov/press/releases/tg32.htm">as much as $200 billion</a> 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 <a href="http://www.treasury.gov/press-center/press-releases/Pages/tg1684.aspx">announced further changes</a> 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. Washington Government-Sponsored Enterprise

3900 Wisconsin Ave

-77.077554 0 0 2009-04-08T15:29:28Z 2013-04-02T16:29:06Z 35613000000 116149000000 116149000000 false FNM false 0 35613000000.0 38.94077 0 DC NYSE 158 Fannie+Mae Freddie Mac 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. <a href="http://bailout.propublica.org/programs/10-preferred-stock-investments">The Fannie and Freddie bailout</a> is separate from <a href="http://bailout.propublica.org/programs/index">the broader $700 billion bailout</a> -- 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 <a href="http://www.ustreas.gov/press/releases/tg32.htm">as much as $200 billion</a> 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 <a href="http://www.treasury.gov/press-center/press-releases/Pages/tg1684.aspx">announced further changes</a> 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. McLean Government-Sponsored Enterprise

8200 Jones Branch Dr.

-77.22584 0 0 2009-04-08T15:29:29Z 2013-04-02T16:44:29Z 29581000000 71336000000 71336000000 false FRE false 0 29581000000.0 38.931656 0 VA NYSE 230