Mortgage

Fannie Mae CEO says taxpayers could get their money back

Fannie Mae CEO Tim Mayopoulos held his first interview since the government-sponsored enterprise reported a surge in profit, telling listeners taxpayers could actually see a net gain from the $116 billion they’ve shoveled into the beleaguered mortgage giant, according to U.S. News. 

“Given the strength of our future profitability, [it is] possible that we will be able to pay dividends that would be equal to or greater than the amount of money that we’ve received from the Treasury Department,” Mayopoulos said.

 


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