Mortgage bailout now profitable to taxpayers - KAIT-Jonesboro, AR-News, weather, sports

Mortgage bailout now profitable to taxpayers

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Taxpayers have now turned a profit on the $187 billion bailout of two mortgage giants, dating back to the 2008 financial crisis. (Source: CNN) Taxpayers have now turned a profit on the $187 billion bailout of two mortgage giants, dating back to the 2008 financial crisis. (Source: CNN)

(CNN) – Taxpayers have now turned a profit on the $187 billion bailout of two mortgage giants, dating back to the 2008 financial crisis.

The financial crisis led to the government gave Fannie Mae and Freddie Mac a lifeline as the housing market tanked.

Now, taxpayers have recouped all of that money.

Fannie Mae reported Friday it will pay an additional $7 billion in profit to the Treasury, bringing the totally payments from the two firms to $192 billion.

Copyright 2014 CNN. All rights reserved.

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