Frannie Ruling: On Statutory Interpretation, Not Business Judgment [Seeking Alpha]
Federal National Mortgage Association (FNMA)
NASDAQ:AMEX Investor Relations:
fanniemae.com/portal/about-fm/investor-relations/index.html
Company Research
Source: Seeking Alpha
Frannie Ruling: On Statutory Interpretation, Not Business Judgment Here If you're curious what those counts were, the court summarized them nicely: Fannie Mae ( OTCQB:FNMA OTCQB:FMCC Investment Thesis The courts have now issued a ruling saying that the government was not acting within its statutory power as conservator when it entered into the third amendment. The expected remedy here is to count over-payment back to the companies as paydown of the liquidation preference of the senior preferred. As such, it's basically the same plan I've been talking about. On top of that though, now that we've won the lawsuit, plaintiffs may want to settle for more than just par because senior preferred shares basically jumped the shark in 2012 and since then junior preferred have been missing out on dividends. Then there is damages. This legal victory against claims that originally got me started with Fannie Mae. Back in 2014 I was reading the original and similar APA claims in Lamberth's court and
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FNMA
News
- Mortgage rates creating 'tug-of-war' with affordability: Fannie Mae [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Announces 2025 Connecticut Avenue Securities (CAS) Issuance CalendarPR Newswire
- Housing Market Unlikely to Thaw in 2025 Due to Affordability Challenges and 'Lock-in Effect'PR Newswire
- Consumer Housing Sentiment Up Significantly Year over YearPR Newswire
- Expert Panel Upwardly Revises Home Price Growth Outlook, Still Expects Deceleration in 2025 and 2026PR Newswire
FNMA
Sec Filings
- 12/5/24 - Form 8-K
- 11/13/24 - Form ABS-15G/A
- 11/13/24 - Form ABS-15G/A
- FNMA's page on the SEC website