Fannie Fourth Amendment To Come Before The End Of 2017
Seeking Alpha - December 2, 2014 - December 3, 2014
Seeking Alpha, By Glen Bradford
Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are two Government Sponsored Entities in conservatorship that are currently in an agreement that sweeps over 100% of their quarterly profits on a quarterly basis to the U.S. Treasury. This agreement serves as an amendment to the original Senior Preferred Securities Purchase Agreement.
Bill Ackman recently wrote them up in his Quarterly Letter to investors:
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