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Fannie Mae, Freddie Mac Repaying Bailout

Fannie Mae headquarters is seen in Washington.

Fannie Mae, Freddie Mac Repaying Bailout

Government-run Fannie Mae and Freddie Mac, America's biggest providers of housing finance, will send $39.0 billion to the U.S. Treasury in December, leaving them within a hair of covering the cost of their 2008 bailout.

Freddie Mac said on Thursday it will pay $30.4 billion in dividends after a multibillion-dollar tax-related windfall fueled a record profit in the third quarter.


Repaorting by Margaret Chadbourn, REUTERS.