Tag Archives: Net Worth Sweep

Why did a panel deny the FHFA's request to transfer four cases involving the GSE Profit Sweep to a district court in Washington, D.C.?

Depositions unsealed last month showed that key officials at the GSEs may have known they were about to be profitable in 2012. Now the judge wants to see more.

The Net Worth Sweep, or the sweeping of all Fannie Mae and Freddie Mac profits into Treasury, has been under more intense scrutiny as of late.

What is the outlook for the GSE shareholders' appeal of a lawsuit against the government over the sweep of GSE profits into Treasury that was previously dismissed in the D.C. District Court? Hamish Hume, partner with Boies, Schiller & Flexner, discusses all points of the case.

The sweeping of Fannie Mae and Freddie Mac profits into Treasury has prompted several lawsuits from investors. But the lawsuits filed by shareholder Tim Pagliara are the first of their kind.

The Ninth Circuit Court of Appeals affirmed a decision by a lower court that Fannie Mae and Freddie Mac are "private companies." What will the ruling mean, if anything, for the pending lawsuits by GSE investors who claim the Net Worth Sweep is illegal?

Fairholme Funds, one of the GSEs' largest investors, is requesting that the government turn over documents that Fairholme says are being unlawfully withheld in regards to the sweep of GSE profits into Treasury.