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Call to end Treasury secrecy on Fannie and Freddie gets louder

HousingWire, By Trey Garrison

A coalition of 17 conservative and free-market public policy groups sent a letter to the ranking members of the House Finance Services Oversight and Investigative Subcommittee urging them to demand more transparency and accountability regarding the “Third Amendment Sweep” of the six-year GSE conservatorship agreement from the U.S. Treasury.

The Third Amendment, the groups say, infringes on the rights of private shareholders who invested in Fannie Mae and Freddie Mac. The Third Amendment changed the 10% cash dividend paid to Treasury to a system where the GSEs pay all of their quarterly profits to Treasury.

Read full article: Call to end Treasury secrecy on Fannie and Freddie gets louder