Treasury Speeds Up Fannie, Freddie Wind-Downs

Law360, New York (August 17, 2012, 3:42 PM EDT) -- The U.S. Treasury Department on Friday unveiled plans to speed up the wind-down of troubled mortgage giants Fannie Mae and Freddie Mac, including refunding all the companies' profits to the government and increasing the rate at which they reduce their loan holdings.

The Treasury modified its bailout agreements with Fannie and Freddie so that all profits earned by the companies would be refunded to the government, instead of them paying a 10 percent quarterly dividend on the money sunk into Fannie and Freddie by the government....
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