More Fannie, Freddie Investors Fight Profit-Sweep Ruling

By Jack Newsham (April 3, 2017, 7:11 PM EDT) -- Fannie Mae and Freddie Mac investors whose class claims against the government-backed mortgage companies were largely thrown out asked the full D.C. Circuit on Friday to fix a panel ruling that could make it harder for the investors to fight for what is left of their case.

The shareholders are one of several groups to have sued Fannie and Freddie for agreeing to a deal that gave the U.S. Department of the Treasury the right to scoop up virtually all their profits in the aftermath of the financial crisis. Most of the investors' claims were dismissed by a federal judge, whose...

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