New documents give hope to Fannie shareholders seeking redress

New documents give hope to fannie shareholders seeking redress By Bloomberg News Shareholders of Fannie Mae and Freddie Mac say a trove of documents they have obtained bolsters their case that the government lied when it decided to take all of the mortgage companies’ profits.

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Shareholders of Fannie Mae and Freddie Mac say a trove of documents they have obtained bolsters their case that the government lied when it decided to take all of the mortgage companies’ profits..

House Session 2011-01-20 (12:18:53-13:41:16) Good News For Fannie And Freddie Shareholders. – MortgageOrb by Nora Caley on August 11, 2015 "We have been allowed to take discovery of the government over its objection," says Charles Cooper, the lead attorney representing Fairholme Funds in Fairholme Funds Inc. et al. v. United States. The plaintiffs in one of the lawsuits involving fannie mae and Freddie Mac received some good.

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In these documents. would give companies time to reach this new minimum, and Wells Fargo’s earnings power suggests it would be able to increase its ratio another 50 basis points in fairly short.

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SoFi reboots its mortgage business with new name, updated processes Movement buys Platinum Mortgage’s Alabama retail operation Digital lender social finance rebranded its mortgage business as SoFi Home Loans approximately four months after it took a step back from real estate finance to redesign its processes. Late last year, SoFi had a 7% staff reduction in its mortgage department as it looked to revamp the business.

The document may be found on the. the amount of loans that they originate, Fannie and Freddie expected to each originate about $50 billion in loans this year each so that $100 billion in production.

Shareholder attorney says new documents prove government theft Ex-Treasury, White House officials dispute characterization shareholders of Fannie Mae and Freddie Mac say a trove of documents they have obtained bolsters their case that the government lied when it decided to take all of the mortgage companies’ profits.