The company’s total draw is at a total of $112.6 billion, with $17.2 million in dividends that has been returned to the government. Alongside Fannie comes Freddie Mac, a rival government-based lender. The Virginia-based lender is asking the U.S. Treasury for $6 billion to help stay afloat.
According to Fannie Mae, borrowers that were 90 days underwater for their mortgage payment have decreased since 2010, and account for only about 4% of their current books. About 50% of the mortgage guarantees that are on the current books are post 2009, and they carry larger fees and have much stronger borrowing profiles.
iShares Dow Jones U.S. Home Construction
Tisha Guerrero contributed to this article.