View: CHART OF THE DAY: Fannie Mae's Draw From Treasury - Business Insider

This is good news.

For the first time since the crisis, Fannie Mae doesn't need a cash injection from the Treasury.

The infamous quasi-government mortgage backer reported a $2.7 billion profit for Q1.

Fannie Mae’s net worth of $268 million as of March 31, 2012 reflects the company’s total comprehensive income of $3.1 billion, partially offset by its payment to Treasury of $2.8 billion in senior preferred stock dividends. As a result of the company’s positive net worth as of March 31, 2012, the company will not request a draw from Treasury for the quarter under the senior preferred stock purchase agreement. The total liquidation preference of Treasury’s senior preferred stock remains at $117.1 billion, which requires an annualized dividend payment of $11.7 billion. The table below shows the amount of Fannie Mae’s requested draws from Treasury and dividend payments to Treasury since entering into conservatorship on September 6, 2008.

The beige bars in the chart below shows much money the company has taken from Treasury each quarter. As you can see, this quarter there was none.