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Fannie Mae and Freddie Mac post profits and pay dividends to U.S.
Fannie Mae and Freddie Mac post profits and pay dividends to U.S.

Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover. Gains in recent years have enabled them to fully repay their government aid after being rescued during the financial crisis in 2008. Fannie Mae reported Thursday that it earned $3.7 billion in the second quarter. Fannie, based in Washington, D.C., will pay a dividend of $3.7 billion to the U.S. Treasury next month. With its previous payments totaling $126.7 billion, Fannie has more than fully repaid the $116 billion it received from taxpayers. Freddie Mac posted net income of $1.4 billion for the latest quarter. Freddie, based in...

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