A Massive, Profitable Bailout
The U.S. Treasury holds $117.1 billion in Fannie Mae senior preferred shares and $72.3 billion in Freddie Mac senior preferred shares, for the multiyear bailout. Fannie Mae announced on May 9 that it would pay the Treasury a second-quarter dividend of $59.5 billion, after the GSE determined it could recapture most of its valuation allowance for deferred tax assets (DTA) at the end of the first quarter.
Freddie Mac announced on May 8 that it would pay a dividend of $7 billion to the Treasury in June.
