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IN RE: FANNIE MAE/FREDDIE MAC SENIOR PREFERRED STOCK PURCHASE AGREEMENT CLASS ACTION LITIGATIONS

  1. October 25, 2023

    Fannie, Freddie Investors Keep Interest For $299M Jury Win

    A Washington federal judge has granted prejudgment interest for the $299 million portion of a $612 million jury verdict won in August by certified classes of Fannie Mae and Freddie Mac shareholders who accused the government of wrongfully amending stock purchase agreements to obtain the enterprises' profits for itself.

  2. August 15, 2023

    FHFA Wants No Interest In Fannie, Freddie Backers $612M Win

    The U.S. Federal Housing Finance Agency told a Washington, D.C., federal judge Tuesday a prejudgment interest should not be part of the $612.4 million it owes Fannie Mae and Freddie Mac shareholders for improperly amending stock purchase agreements allowing the government to sweep up their net profits.

  3. August 14, 2023

    Fannie, Freddie Shareholders Awarded $612M In Retrial

    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.

  4. August 10, 2023

    Gov't Claims Fannie, Freddie Profit Sweep Was Crucial

    The U.S. Federal Housing Finance Agency told a Washington, D.C., federal jury Thursday its decision to amend stock purchase agreements stemming from the 2008 financial crisis, allowing the U.S. Treasury to sweep up Fannie Mae and Freddie Mac's net profits, was reasonable and crucial to ensuring the stability of the American economy.

  5. August 08, 2023

    Ex-FHFA Director Differs Testimony In Fannie, Freddie Retrial

    Former Federal Housing Finance Agency acting Director Edward DeMarco seemingly altered aspects of his testimony Tuesday in the retrial of Fannie Mae and Freddie Mac shareholders' claims that the federal government improperly amended stock purchase agreements in 2012 to allow the U.S. Treasury to sweep up the companies' net worths.

  6. July 26, 2023

    Fannie, Freddie Shareholders Target Accountability In Retrial

    Fannie Mae and Freddie Mac shareholders on Wednesday emphasized the need for government accountability in their second bid to claim $1.6 billion in damages from the Federal Housing Finance Agency for allegedly improperly amending stock purchase agreements to allow the U.S. Treasury to sweep up the companies' potential profits.

  7. July 21, 2023

    Fannie, Freddie Investors Set For Retrial Over Profit Sweeps

    Fannie Mae and Freddie Mac shareholders will have a few more internal U.S. Treasury Department documents in their arsenal as they kick off a retrial Monday in Washington, D.C., over claims the Federal Housing Finance Agency improperly amended stock purchase agreements to allow the Treasury to sweep up the companies' net worths.

  8. June 02, 2023

    Fannie Investors Scolded For Bid To Reopen Expert Discovery

    A D.C. federal judge Friday denied renewed requests from Fannie Mae shareholders to reopen expert discovery and pursue reliance damages in their retrial accusing the Federal Housing Finance Agency of improperly amending stock purchase agreements after the 2008 financial crisis, lamenting, "Some parties just won't take no for an answer."

  9. February 07, 2023

    Fannie, Freddie Profit Sweep Retrial Set For Late July

    A D.C. federal judge on Tuesday scheduled for late July the retrial of a lawsuit brought by shareholders of Fannie Mae and Freddie Mac who accuse the Federal Housing Finance Agency of improperly amending stock purchase agreements, allowing for the U.S. Treasury Department to sweep up the companies' net worths.

  10. November 07, 2022

    Judge Declares Mistrial In Fannie, Freddie Profit Sweep Suit

    A D.C. federal judge declared a mistrial Monday after eight jurors couldn't reach a verdict in a lawsuit brought by shareholders of Fannie Mae and Freddie Mac accusing the Federal Housing Finance Agency of improperly amending stock purchase agreements to allow the U.S. Treasury Department to sweep up the companies' net worths.

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