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Recent Updates from the Investors Unite Blog

Media Teleconference at 2:00 p.m. ET Wednesday, September 11 on Fifth Circuit Court Strike Down of Net Worth Sweep
Monday, September 9, 2019

Media Teleconference at 2:00 pm ET Wednesday, September 11 on Fifth Circuit Court Strike Down of Net Worth Sweep

On Wednesday, September 11, 2019 at 2:00 p.m. ET, Investors Unite will hold a teleconference to update Investors Unite members and the media on the most recent legal development in the Fifth Circuit Court, specifically the court’s opinion in Collins vs. FHFA released late last week.

The discussion will feature a summary of the court’s 123-page opinion, where the court affirms that under the Administration Procedures Act the Net Worth Sweep is unconstitutional, and also finds that the structure of the Federal Housing Finance Agency (FHFA) is an unauthorized breach of the Constitution.  

Investors Unite Executive Director Tim Pagliara will be joined by David Thompson, one of the attorneys representing plaintiffs in Collins vs. FHFA. Participants will provide insight in to what this ruling means for shareholders moving forward as well as how this may affect the Administration’s intent to reform the government sponsored enterprises (GSEs) 11 years after the financial crisis.

To join the teleconference, please RSVP to [email protected]

To ensure you are on the line in time for the start of the call, please be sure to dial in at least 10 minutes ahead of the scheduled start time.

Who: Tim Pagliara, Investors Unite Executive Director and CapWealth CEO

David H. Thompson, Managing Partner, Cooper & Kirk

What: Investors Unite Collins vs. FHFA Legal Updates Teleconference

When: Wednesday, September 11, 2019 at 2:00 p.m. ET

Dial In: 866 858 3221; Conference ID: 66354

RSVP: Please RSVP to [email protected]

About Investors Unite: Formed by Tennessee investor and CapWealth Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 2,000 individual investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE reform that fully respects the legal rights of Fannie Mae and Freddie Mac shareholders and offers full restitution on investments.

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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.

  1. Repayment of Pensioners, Community Banks and Individuals invested in Fannie and Freddie.
  2. Stricter lending standards and oversight of Fannie and Freddie.
  3. 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.

Issue Background

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.