Funding Fannie & Freddie
03/10/2014 | | Economic forecasting, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, Fannie, Freddie, Graphsandlaughs, MLS, Multiple listing service, Payback tax bailout, Public speaking economist, econ70, economist on TV, economist on radio, eisenberg and economics, funniest economist, funny housing economist, graphsandlaughs and eisenberg, housing sales, mortgage banking, politics and economics
By the end of this quarter, Fannie and Freddie will have paid the government $203 billion, slightly more than the $187.5 billion they received from the Government in their 2008 bailout. But 2008 was six years ago. Had the government charged shareholders a very reasonable 10% interest on the loan, F&F would owe another $93 billion. So, let’s talk when F&F’s total payments to Uncle Sam total $281 billion.