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.
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