As stakeholders continue to battle with the government over what they say should be their share of Fannie Mae and Freddie Mac's profits, the regulator in charge of overseeing the two GSEs says he's not in a position to act on that situation. Watt says he has no plans to change is the GSEs' current bailout agreement with the government, which has allowed the Treasury Department to sweep nearly all of their profits since August 2012.
Read More »GSE Investors Gain Victory in Court of Federal Claims
A U.S. Court of Federal Claims judge ruled on Wednesday that lawsuits brought about by Wall Street investors in Fannie Mae and Freddie Mac can continue, according to media reports.
Read More »Judge Denies Treasury’s Attempt to Reverse Pershing Square’s Dismissal of GSE Lawsuit
A U.S. District judge on Wednesday denied the U.S. Department of Treasury's motion to strike Pershing Square Capital Management's voluntary dismissal of a lawsuit it filed in August over misappropriation of government funds.
Read More »Community Lending Group Asks Government To Amend GSE Bailout Terms
As Fannie Mae and Freddie Mac continue to generate profits in a recovering housing market, a group of community lenders has joined the chorus of advocates calling for the government to revisit the terms of its bailout agreement with the two mortgage giants.
Read More »Fannie Mae, Freddie Mac Profit Growth Slows in Q3
According to Fannie Mae, the increase was driven primarily by lower fair value losses and an increase in revenues. Also contributing to the third-quarter boost in profits was a recently announced settlement between Goldman Sachs and the GSEs' conservator, the Federal Housing Finance Agency (FHFA), over faulty residential mortgage-backed securities (RMBS).
Read More »Investor Voluntarily Drops One of Two Lawsuits Over GSE Profits
Pershing Square Capital Management CEO William A. Ackman filed a voluntary notice of dismissal in the U.S. District Court for one of his company's lawsuits against the federal government over the sweeping of GSE profits into the U.S. Department of Treasury.
Read More »Investor Appeals Judge’s Dismissal of GSE Profits Lawsuit
Hedge fund Perry Capital has appealed a judge's decision to dismiss a lawsuit filed last year over the sweeping of Fannie Mae and Freddie Mac profits into the U.S. Department of Treasury.
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