A Fannie survey highlights how sentiments have changed among condo lenders after Fannie Mae and Freddie Mac imposed new restrictions in the wake of the Surfside tower collapse in 2021.

Despite winning a massive jury award in August, GSE shareholders are still squabbling with the government over how those damages should be distributed.

Fannie Mae and Freddie Mac revenues ticked up in the third quarter, but an increase in net expenses cut into profits. Those expenses included damages and interest awarded to shareholders in Fairholme v. FHFA. (Includes data table.)

The GSEs’ shareholders racked up one win and one loss last week in their legal battle to overturn the net worth sweep.

Documents show FHFA entered into 36 settlement agreements between January 2019 and September 2021 to resolve employee disputes.

Even after a big win in a district court in August, Fannie Mae and Freddie Mac shareholders continue to face setbacks in other legal venues.

Key flubs by defense witnesses may have convinced the jury that the Treasury Department and FHFA had ulterior motives when they agreed to the net worth sweep.

The conservator of Fannie and Freddie argued that the testimonies of two former FHFA directors were irrelevant because they were not at the agency when the Treasury Department agreed to the net worth sweep.

Lenders have chafed at the temporary regulations put in place following the collapse of a Surfside, FL, condo in 2021, but those rules become permanent in September.

Three providers of D&O insurance refuse to pay legal costs associated with a financial crisis-era SEC investigation into Freddie underwriting and risk-management controls for troubled MBS.