Friday, May 9
(Washington, DC) -- Mortgage firms Fannie Mae and Freddie Mac are paying the government about ten-billion-dollars. The dividends mainly come from legal settlements from their regulator, the Federal Housing Finance Agency. It sued more than a dozen financial institutions for allegedly misleading Fannie Mae and Freddie Mac about weak mortgages. Fannie and Freddie have paid back more than 200-billion dollars to the government in return for a 180-billion-dollar government bailout in 2008.