Wednesday, February 21News That Matters

Fannie Mae needs infusion of taxpayer cash for first time in six years

From our friends at CNN Money:

Fannie Mae needs infusion of taxpayer cash for first time in six years Your tax reform questions answered Your tax reform questions answered

Fannie Mae, the housing lender bailed out by the government nearly a decade ago, needs a $3.7 billion infusion of taxpayer cash.

But it's not because of bad mortgages or plunging home values, as was the case during the financial crisis. In fact the housing market is white hot once again. The reason is the tax law enacted earlier this year.

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