Fannie Mae, Freddie Mac Will Send $10.2 Billion To Treasury In June

In an announcement that is sure to upset every Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) shareholder, the US Treasury will receive a combined $10.2 billion in dividends from the two government sponsored enterprises (GSE) even as the US housing market flattens out, report Tess Stynes and Michael Calia for The Wall Street Journal.

Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) will pay $5.7 billion in dividends to Treasury next month, bringing total payments...