Law 360

NOVEMBER 1, 2022

federal jury Tuesday against using hindsight to consider the reasonableness of its decision to amend Fannie Mae and Freddie Mac stock purchase agreements to let the U.S. Department of the Treasury sweep up the companies' net worths, encouraging the panel to step into officials' shoes during deliberations.

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Finance 75

Law 360

OCTOBER 19, 2022

federal jury on Wednesday repeatedly heard witnesses read portions of a Federal Housing Finance Agency 2008 FAQ sheet about the government's bailout of Fannie Mae and Freddie Mac as shareholders sought to establish the deal's original intent, which they claim the U.S.

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Law 360

FEBRUARY 7, 2023

federal judge on Tuesday scheduled for late July the retrial of a lawsuit brought by shareholders of Fannie Mae and Freddie Mac who accuse the Federal Housing Finance Agency of improperly amending stock purchase agreements, allowing for the U.S. Treasury Department to sweep up the companies' net worths.

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Finance 52

Law 360

AUGUST 8, 2023

Former Federal Housing Finance Agency acting Director Edward DeMarco seemingly altered aspects of his testimony Tuesday in the retrial of Fannie Mae and Freddie Mac shareholders' claims that the federal government improperly amended stock purchase agreements in 2012 to allow the U.S. Treasury to sweep up the companies' net worths.

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JURIST

DECEMBER 10, 2020

.” This case comes from a suit brought by shareholders in the company challenging the FHFA, which was created to oversee Fannie Mae and Freddie Mac following the 2008 housing crises. The shareholders are now arguing that the oversight has “nationalized” the companies in violation of the Constitution.

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Law 360

OCTOBER 31, 2022

federal jury was told Monday the Federal Housing Finance Agency's decision to amend Fannie Mae and Freddie Mac stock purchase agreements and let the U.S. Treasury sweep up the companies' net worths made their stocks essentially worthless, dashing shareholders' hopes of receiving dividends.

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Law 360

SEPTEMBER 23, 2022

federal judge on Friday partially granted Fannie Mae and Freddie Mac summary judgment on the remaining claim in a class action alleging the government misstepped when tweaking stock purchasing agreements allowing it to "sweep" the companies' net worth.

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SCOTUSBlog

AUGUST 19, 2022

This week, we highlight cert petitions that ask the court to consider, among other things, whether the federal government’s decision to essentially nationalize the country’s largest federal backed mortgage-securities companies in the wake of the Great Recession was an unconstitutional “taking” of private shareholders’ assets. United States.

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Law 360

OCTOBER 14, 2022

Fannie Mae and Freddie Mac shareholders can present at a trial starting Monday internal U.S. Department of the Treasury documents they claim support their class action allegation that the government improperly tweaked stock purchasing agreements to allow it to sweep up the companies' net worths, a D.C. federal judge has ruled.

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Government 40

LawSites

MAY 5, 2021

This newsletter is about legal issues related to investing in Fannie Mae and Freddie Mac bonds. A newsletter produced by a company called Lawtrades , which places temporary help in legal departments. On his newsletter, he writes about being bipolar, his dislike of biglaw, and other subjects. Rule of Law Guy’s Newsletter.

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SCOTUSBlog

JUNE 23, 2021

Share The Supreme Court on Wednesday had mostly bad news for shareholders of mortgage giants Fannie Mae and Freddie Mac in their lawsuit seeking to unwind a 2012 agreement that required the companies to transfer profits to the federal government. Yellen , has its roots in the 2008 housing crisis.

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