Fannie Mae, Freddie Mac to send taxpayers $8.3 billion this quarter

Fannie Mae and Freddie Mac will send taxpayers $8.3 billion in second-quarter profits, an increase of nearly 50 percent, the government-supported mortgage giants said this week.The companies, which help support the mortgage market, have gotten a boost from the improving housing market, and both said this week that rising interest rates had improved their bottom lines.Read full article >>...(read more)

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