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Fannie Mae, Freddie Mac post big profits, to send $14.6b to Treasury

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Government-owned mortgage buyers Fannie Mae and Freddie Mac are both reporting big second-quarter profits, generated by an improving housing market. Together, the two companies plan on sending $14.6 billion in dividends to the Treasury Department. After announcing net income of $10.1 billion and $5 billion for the second quarter, respectively, Fannie Mae and Freddie Mac’s dividend payments...