Fannie, Freddie Profits Stoke GSE Debate

Law360, New York (April 4, 2013, 8:10 PM EDT) -- The hulking profits Fannie Mae and Freddie Mac reported for 2012 have been widely lauded as signs of a recovering housing market, and they've also reignited the debate about whether the government should continue to sponsor the entities.

Earlier this week, Fannie Mae reported a record $17.2 billion in earnings for 2012, including $7.6 billion for the fourth quarter — its largest annual and quarterly net income in its 75-year history. Those numbers came about a month after Freddie Mac reported its own record-breaking $11 billion...
To view the full article, register now.