The Federal Housing Finance Agency (FHFA) has released projections of the financial performance of Fannie Mae and Freddie Mac, including potential draws under the Preferred Stock Purchase Agreements (PSPAs) with the U.S. Department of the Treasury. To date, the government-sponsored enterprises (GSEs) have drawn $148 billion from the Treasury Department under the terms of the PSPAs. Under the three scenarios used in the projections, cumulative GSE draws range from $221 billion to $363 billion through 2013.Click to continue
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