Recent Updates from the Investors Unite Blog
Investors Unite Welcomes Move by the Federal Housing Finance Agency to Retain Capital in the GSEs
Monday, September 30, 2019
Federal Housing Finance Agency Director Mark Calabria today announced the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac will be permitted to retain a combined $45 billion worth of earnings, effectively halting a policy in place since 2012 of diverting the GSEs’ earnings to the Federal Treasury.
Investors Unite Executive Director Tim Pagliara issued the following statement:
“FHFA’s action to allow the GSEs to retain the capital they earn is a victory for taxpayers who have long been at risk for possible GSE losses due to the illegal net worth sweep. Director Calabria had it right when he said ‘the status quo is not an option.’ This is a milestone in ending the conservatorship and honoring the government’s commitment to GSE shareholders, taxpayers and perspective homeowners.”
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.
Read more Investors Unite blogs here
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.