Americans could profit from Fannie's financial gains, CEO says

04/15/2013 | U.S. News & World Report

Fannie Mae CEO Tim Mayopoulos says U.S. taxpayers, who have given the mortgage giant a bailout worth $116 billion, could receive that money back and more. "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," he said. Despite the potential returns, policymakers should still pursue housing-finance reform, he said.

View Full Article in:

U.S. News & World Report

Published in Brief: