Court rejects hedge funds claims in Fannie, Freddie profit sweep

Fresh off handing down a significant ruling in the battle over the constitutionality of the Consumer Financial Protection Bureau, the U.S. Court of Appeals for the District of Columbia Circuit just dealt a sizable body blow to the investors who claimed that the government’s decision to sweep all the profits from Fannie Mae and Freddie Mac into the government’s coffers was not only unnecessary, but illegal as well. http://www.housingwire.com/articles/39277-court-rejects-hedge-funds-claims-in-fannie-freddie-profit-sweep ❤️ #share #mortgage

Advertisements