New documents give hope to Fannie shareholders seeking redress

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People on the move: Dec. 15 SunTrust, BB&T could become CRE lending powerhouse in the Southeast New documents give hope to Fannie shareholders seeking redress Fannie markets more than $3 billion in distressed loans Fannie Mae also said it made $2.3 billion in dividend payments to the U.S. Treasury during the period, which reduces the amount it will be asking taxpayers for to $2.8 billion from.

Shareholders of Fannie Mae and Freddie Mac say a trove of documents they have obtained bolsters their case that the government lied when it decided to take all of the mortgage companies’ profits. Investors have filed dozens of lawsuits in courts across the country over a 2012 government decision to replace Fannie and Freddie’s 10% dividend to the U.S. Treasury with a new one equal to almost all of their profits.

July 19, 2017 marked the release of the first set of much-awaited government documents that addressed the government knew and when, before the implementation of its net worth sweep on August 17, 2012, which gave the government all profits from the operation of those two Government Sponsored Entities (GSEs) Fannie Mae and Freddie Mac.

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New documents give hope to Fannie shareholders seeking redress; Interest on Fed reserves is the wrong market policy to criticize; Freddie teams with Kentucky lenders to finance manufactured homes; Categories. FHA Loan Articles; FHA Loan Locations; Archives. June 2019; May 2019

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Shareholder attorney says new documents prove government theft Ex-Treasury, White House officials dispute characterization Shareholders of Fannie Mae and Freddie Mac say a trove of documents they have obtained bolsters their case that the government lied when it decided to take all of the mortgage companies’ profits.

New Documents Give Hope to Fannie Shareholders Seeking Redress. New Documents Give Hope to Fannie Shareholders Seeking Redress.. Shareholders of Fannie Mae and Freddie Mac say a trove of documents they have obtained bolsters their case that the government lied when it decided to take all of.