Items Tagged with 'GSE shareholders'


  • Court of Appeals declares FHFA structure unconstitutional

    Majority opinion finds GSE regulator violates separation of powers
    For the third time in recent memory, a government agency borne out of the housing crisis has been declared unconstitutional by a federal court. The first two times it was the Consumer Financial Protection Bureau. But now, it’s the Federal Housing Finance Agency that has been found to be operating in violation of the Constitution.
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  • Fannie, Freddie stock plummets after court decision dents shareholders' prospects

    But still trading above pre-election totals
    Shares of Fannie Mae and Freddie Mac went into free fall on Tuesday after the U.S. Court of Appeals for the District of Columbia Circuit ruled that Fannie and Freddie shareholders cannot pursue many of their claims related to the so-called “Third Amendment sweep.” But despite the drop, both Fannie and Freddie are still trading above where they were prior to the election of President Donald Trump.
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  • Court rejects hedge funds claims in Fannie, Freddie profit sweep

    But all is not lost
    Fresh off handing down a significant ruling in the battle over the constitutionality of the Consumer Financial Protection Bureau, the U.S. Court of Appeals for the District of Columbia Circuit just dealt a sizable body blow to the investors who claimed that the government’s decision to sweep all the profits from Fannie Mae and Freddie Mac into the government’s coffers was not only unnecessary, but illegal as well.
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  • Here's one Fannie Mae bull's take on how the GSEs can exit conservatorship

    And what happens to the stock after that
    In the weeks since Steve Mnuchin sent shockwaves through the housing industry by stating that the Trump administration planned to end the conservatorship of Fannie Mae and Freddie Mac, reactions varied on whether that can actually be done and how expensive it might be. Here's an interesting take from an interested party on how the GSEs might actually exit conservatorship and what that would mean to the GSE stockholders who've waited quite a few years for a resolution.
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  • Conservative groups join growing push to recapitalize Fannie Mae, Freddie Mac

    Calls to end Third Amendment sweep now coming from all sides
    Over the last year, various groups, including community lenders, affordable housing advocates, civil rights groups, interested observers, and financial analysts, called for a change in governmental policy that would allow Fannie Mae and Freddie Mac to rebuild a capital base. Now, there's a new voice pushing to recapitalize the GSEs, or several, as it were, coming from an interesting source.
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  • George Will takes on #FannieGate, says GSEs 'should never have existed'

    Conservative commentator addresses 'the misadventures of Fannie and Freddie'
    Well, it seems we can't go more than a few days without a prominent, national media personality commenting on the stability and standing of Fannie Mae and Freddie Mac, how the GSEs ended up in conservatorship, and what’s next. Last month, Rolling Stone’s Matt Taibbi weighed in. And now, no less than George Will has written about "#FannieGate."
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  • Freddie Mac's rough first quarter will likely embolden calls for GSE reform

    Vocal critics of GSE capital structure hold new card to play
    If you listen closely, you can hear the noise surrounding the recapitalization and release of the government-sponsored enterprises from conservatorship getting louder thanks to Freddie Mac reporting a loss of $354 million in the first quarter. Now all those who want to see an end to the GSE conservatorship for whatever their particular motivation is have a new card to play. And they will play it.
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  • Matt Taibbi: Government secretly plans Wall Street takeover of Fannie, Freddie

    Rolling Stone's Wall Street hatchet-man on the hidden truth of #FannieGate
    If Rolling Stone's Matt Taibbi is to be believed, yes, there absolutely was a government conspiracy behind the Fannie Mae and Freddie Mac bailout. And now, the government is fighting tooth and nail to keep the evidence of that conspiracy a secret, all while plotting something far more insidious. But is he saying something we don't already know?
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  • Leaked Treasury memo on Fannie, Freddie fuels fire for sweep critics

    Why wasn’t key document turned over in federal lawsuit?
    A 2011 Treasury memo has just emerged that wasn't included in the documents Treasury was supposed to turn over in a Fannie, Freddie shareholder lawsuit, and which critics say is damning evidence of intentional and knowing violation of the HERA statute. Was it, and what does it mean going forward for GSE reform?
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