Des Moines court case could change Freddie, Fannie investor makeup
Realty Biz News - December 29, 2014 - December 30, 2014
Realty Biz News, By Mike Wheatley
Continental Western Insurance Co., a Des Moines-based regional insurer that owns shares in Fannie Mae and Freddie Mac, recently sued the U.S. Government in federal court because the U.S. Treasury has claimed all of Fannie Mae and Freddie Mac’s profits, denying shareholders their share of dividends.
U.S. District Judge Robert Pratt for the Southern District of Iowa will be ruling on Continental Western’s legal standing.
Read the full article: Des Moines court case could change Freddie, Fannie investor makeup