After a hung jury, shareholders will head back to court for a second chance at proving FHFA was in breach of contract when it agreed to the net worth sweep with Treasury.
Attorneys for a group of Fannie Mae and Freddie Mac shareholders seeking to overturn the net worth sweep will take another swing at the Fifth Circuit Court of Appeals.
A district court judge in Houston said the plaintiffs weren’t able to prove that they were harmed because President Trump was prevented from removing FHFA Director Mel Watt from office for two years.
Unsealed documents in the pre-trial filings for Fairholme v. FHFA reveal the names of prominent witnesses expected to testify in the October jury trial.
Affordable housing advocates say Fannie Mae and Freddie Mac should do more to prevent investors from exploiting loopholes to profit off of LIHTC-funded properties.