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
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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
- Recent Rate Run-Up Expected to Keep Existing Home Sales Near Historic Lows Through 2025PR Newswire
- Fannie Mae Announces 2025 Benchmark Securities Issuance CalendarPR Newswire
- The Schwab Mortgage-Backed Securities ETF (SMBS) Starts Trading [Yahoo! Finance]Yahoo! Finance
- Billionaire Investor Bill Ackman's Election Bet Could Hit Big After Trump's Victory [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Appoints Former Homebuilding Industry Executive Scott D. Stowell to its Board of DirectorsPR Newswire
FNMA
Sec Filings
- 11/13/24 - Form ABS-15G/A
- 11/13/24 - Form ABS-15G/A
- 11/13/24 - Form ABS-15G/A
- FNMA's page on the SEC website