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Unsealed Documents put Government GSE Claims in Doubt

Wednesday, April 13, 2016

The battle over the future of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac took another turn on Monday, this time one that looks favorable to the GSEs' stockholdersThe battle over the future of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac took another turn on Monday, this time one that looks favorable to the GSEs' stockholders.  Federal Claims Court judge Margaret M. Sweeney unsealed documents dating back to August 2012 that may undermine the government defense in a lawsuit with the two mortgage giant's stockholders.  Those documents appear to throw new light on a revision of the Senior Preferred Stock Agreement between the GSEs and the U.S. Treasury that formed the basis of the government's massive loan to the GSEs when they were placed in conservatorship in 2008.

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