Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities
U.S. Government Accountability Office
Senior Preferred Stock Purchase Agreements
| Administering Agency/Entity |
Department of the Treasury |
| Short Description |
Purchase of senior preferred stock of Fannie Mae and Freddie Mac so that they maintain a positive net worth. |
| Primary Purpose |
Emergency assistance to housing market or current homeowner |
| Type of Housing Supported |
Both |
| Type of Assistance |
Other |
| Fiscal Year 2010 Obligations |
Purchase of government-sponsored enterprises' stock in fiscal year 2010 was worth $52.6 billion. The ultimate amount that Treasury will have received for the preferred stock has yet to be determined. |
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