Fannie, Freddie Shareholders Awarded $612M In Retrial

By Katie Buehler (August 14, 2023, 2:00 PM EDT) -- The U.S. Federal Housing Finance Agency improperly amended stock purchase agreements related to Fannie Mae and Freddie Mac in 2012 to allow the U.S. Treasury to sweep up the companies' net profits, a Washington, D.C., federal jury found on Monday, awarding the companies' shareholders $612.4 million in damages....

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