Per a recent article in the New York Times on the healing housing market, both Fannie Mae and Freddie Mac reported some of their best quarterly results since the real estate collapse. Fannie Mae requested no additional money from the Treasury and said it would pay a $2.9 billion dividend to taxpayers. Freddie Mac announced second-quarter net income of $3 billion dollars, up from $577 million in the first quarter of 2011; they in turn did not request further federal aid saying it would pay a $1.8 billion dividend to the federal government. The mortgage giants have moved into the black as American home prices have increased, delinquency rates have continued to fall and what analysts have cautiously described as a housing recovery has begun to take hold. Recently, CoreLogic, a real estate data firm announced that home prices rose 2.5% in June compared with a year ago. There has also been a surge in refinancing, as homeowners position themselves to take advantage of record low interest rates.