Treasury sweep of Fannie, Freddie shareholder profits “costly for housing”
HousingWire - June 30, 2015 - July 1, 2015
By Trey Garrison
Yale Law School lecturer Logan Beirne examined a lawsuit recently filed by three Fannie Mae and Freddie Mac investors accusing the federal government of exceeding its authority as a conservator.
The three plaintiffs in question allege that the Federal Housing Finance Agency and the U.S. Treasury “systemically exceeded their limited authority under HERA” and “acted arbitrarily and capriciously.”
Read the full article: Treasury sweep of Fannie, Freddie shareholder profits “costly for housing”