Items Tagged with 'GSE investors'


  • 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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  • 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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  • Unsealed government documents may reveal truth about Fannie, Freddie fate

    Did the government really need to bail out the GSEs?
    In the years since the government modified its agreement with Fannie Mae and Freddie Mac to sweep all the profits from the GSEs into the government’s coffers, many observers questioned whether the so-called "Third Amendment sweep" was even necessary. Now, a series of unsealed depositions show that not only were Fannie and Freddie on track to be profitable for at least 10 years, the government allegedly knew that fact, and more, before choosing to sweep away the GSEs' profits.
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  • Fairholme Funds files formal notice of appeals in dismissal

    GSE investors continue fight against third amendment sweep
    Fairholme Funds has formally filed a notice of appeal in the U.S. Court of Appeals for the District of Columbia of a ruling by District Court Judge Royce Lamberth that dismissed lawsuits filed by Fairholme and other plaintiffs against the U.S. Government.
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