Under the new arrangement, the government will simply take all the profits that the firms make in any quarter as a dividend payment. The government will not require a dividend payment in periods when the firms run a loss.
So far, Fannie and Freddie have paid nearly $46 billion in dividends.
Last week Fannie and Freddie reported gains in net income for the second quarter, reflecting improving home prices and the decline in mortgage delinquencies as the housing market has begun to recover. The companies didn't request any additional federal aid for the April-June quarter.
Associated Business Writer Marcy Gordon contributed to this report.
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