- The FHFA gets another precedent in support of its case as the U.S. District Court for the Northern District of Iowa dismisses an investor lawsuit.
- The Housing and Economic Recovery Act doesn't force the FHFA to preserve and conserve the assets of Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC), nor return them to private ownership, according to the ruling.
- Source: Bloomberg
Another courtroom loss for GSE investors
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Federal National Mortgage Association |