Recent Updates from the Investors Unite Blog
Investors Unite Launches an Interactive Timeline on the Conservatorship
Monday, October 5th, 2015
So much has happened in the 18 months since Investors Unite was founded in response to the flawed conservatorships of Fannie Mae and Freddie Mac. Recent events have shed light on the fact that the rule of law and the interests of taxpayers and investors were subverted and government officials have shown great determination to conceal how the Third Amendment Sweep of Fannie Mae and Freddie Mac’s profits came about.
To help you navigate the many political, legal, and regulatory actions and events that have influenced the ongoing conservatorship and the discussion around the future of our housing finance system, Investors Unite is launching an interactive timeline of events. The timeline can be found under the tab titled “The Issues” on our homepage.
The timeline tracks the saga of Fannie and Freddie from before the passage of Housing and Economic Recovery Act (HERA) until the present day. The timeline is an attempt to shed light on the various actors and competing interests involved in the conservatorship and the implementation of the Third Amendment Sweep. Importantly, we want this timeline to be a “sunshine” project – one that illustrates the many questions to which we still lack answers.
On boxes in which the various actors and competing interests appear, users can hover over red “plus” signs for more information. Users can also hover over each of the years following the implementation of the Third Amendment Sweep (2013, 2014, and 2015) for a graphic depicting the amount of money paid back to the Treasury by each GSE.
Most importantly, Investors Unite would like you, our members to help us keep this timeline up to date, and help us continue to build it out. Please send us what you think we’ve missed and send us any updates to this case you think are relevant. As events progress, we will continue to update this timeline with help from our members.
Read more Investors Unite blogs here
Risk-Sharing Is No Substitute for Capital at Fannie and Freddie
American Banker - October 5, 2015
CHLA unveils plan for massive GSE reform, ending profit sweep
housingWire - September 28, 2015
Better Luck Next Year: Fast-Track GSE Legislation And Convocation Of Court Cases
Seeking Alpha - September 15, 2015
The biggest risk to the global financial system post-2008 crisis? It’s right here in D.C.
Washington Business Journal - September 15, 2015
Watch Out Taxpayers: You Could Be On The Hook (Again) If Another Housing Crisis Hits
Forbes - September 14, 2015
Warren Said to Pull Endorsement of Fannie Shareholder Bill
Bloomberg - September 14, 2015
Elizabeth Warren changes mind, sides with Fannie and Freddie
The New York Post - September 14, 2015
McLean, Shaky Ground: Fannie Mae & Freddie Mac
ValueWalk - September 13, 2015
New Bill to Recapitalize Fannie Mae and Freddie Mac is Introduced
DSnews - September 11, 2015
The biggest remaining risk in today’s financial system, hiding in plain sight
Yahoo Finance - September 10, 2015
Real Reform for Fannie & Freddie
Current legislation needs to be amended in order for all investors – pensioners, community banks and individuals – to be repaid and create a solid platform for the mortgage market to thrive.
- Repayment of Pensioners, Community Banks and Individuals invested in Fannie and Freddie.
- Stricter lending standards and oversight of Fannie and Freddie.
- Affordable housing goals reinstated and upheld under stricter oversight.
Click here for more information
Investors Unite works to educate Fannie Mae and Freddie Mac shareholders and lawmakers of the importance of reforming the GSEs in a way that will reimburse shareholders what they are contractually and legally owed, but have not been paid.
The United States Congress is considering Government Sponsored Enterprise (GSE) reform that would wipe out Fannie Mae and Freddie Mac shareholders for good. These shareholders include everyday Americans such as public service retirees, teachers, firefighters and police officers. These individuals and pension funds invested in the GSEs before, during, and after the conservatorship and should be made whole under any reform. Taxpayers have been repaid with interest for their 2008 bailout of the GSEs.
Our country’s respect for the rule of law demands that private property rights be protected and Investors Unite gives Fannie Mae and Freddie Mac shareholders a voice in that fight.