Bloomberg News

FHFA Releases Revised Forecast for Fannie Mae, Freddie Mac Draws

October 27, 2011

Oct. 27 (Bloomberg) -- The U.S. regulator overseeing Fannie Mae and Freddie Mac said the government-owned mortgage firms may draw a cumulative total of $221 billion to $363 billion in Treasury aid to fund operations through 2014.

The new projections reflect better-than-projected performance by Washington-based Fannie Mae and Freddie Mac of McLean, Virginia, in the past year, the Federal Housing Finance Agency said today in a statement. The cumulative draws, which include dividends paid to Treasury for its stake in the firms, are “what if” exercises based on assumptions, not expected outcomes, the agency said.

To contact the reporter on this story: Gregory Mott in Washington at gmott1@bloomberg.net

To contact the editor responsible for this story: Lawrence Roberts at lroberts13@bloomberg.net


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