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Volume 2016 - Number 13

April 8, 2016

Fannie and Freddie Shareholders Fight Against FHFA’s Motion to Consolidate Cases to DC Court

Since the Federal Housing Finance Agency’s March filing to transfer lawsuits initiated by Fannie Mae and Freddie Mac shareholders to a new court, a number of plaintiffs have filed motions opposing the transfer, arguing that the cases are substantially different from one another. FHFA said it was looking to prevent future “copycat” cases and ensure a more consistent ruling across the board by having all of the cases heard in the U.S. District Court for the District of Columbia instead of scattered in different jurisdictions throughout the country. On April 6, the attorneys for plaintiffs David Jacobs and Gregory Hindes said...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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