Fannie Mae, Freddie Mac vs FHFA Latest Court Ruling

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Fannie Mae, Freddie Mac vs FHFA Latest Court Ruling

Fannie Mae

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PERRY CAPITAL, FAIRHOLME FUNDS Vs FHFA regarding  Fannie Mae  Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), check out the full ruling below.

By the end of this month, FHFA, charged by statute with a mandate of conserving and preserving the assets of Fannie Mae  Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), will have sent $158 billion from the Companies’ treasuries to the government’s Treasury pursuant to the Net Worth Sweep—$130 billion more than Treasury previously would have received under the 10 percent fixed dividend provided in its stock agreements.

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