Frannie Ruling: On Statutory Interpretation, Not Business Judgment [Seeking Alpha]
Federal National Mortgage Association (FNMA)
NASDAQ:AMEX Investor Relations:
fanniemae.com/portal/about-fm/investor-relations/index.html
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Source: Seeking Alpha
Frannie Ruling: On Statutory Interpretation, Not Business Judgment Here If you're curious what those counts were, the court summarized them nicely: Fannie Mae ( OTCQB:FNMA OTCQB:FMCC Investment Thesis The courts have now issued a ruling saying that the government was not acting within its statutory power as conservator when it entered into the third amendment. The expected remedy here is to count over-payment back to the companies as paydown of the liquidation preference of the senior preferred. As such, it's basically the same plan I've been talking about. On top of that though, now that we've won the lawsuit, plaintiffs may want to settle for more than just par because senior preferred shares basically jumped the shark in 2012 and since then junior preferred have been missing out on dividends. Then there is damages. This legal victory against claims that originally got me started with Fannie Mae. Back in 2014 I was reading the original and similar APA claims in Lamberth's court and
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News
- ALTA Applauds Introduction of HEIRS Act of 2024 [Yahoo! Finance]Yahoo! Finance
- City Council holds public hearing on upcoming budget [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Releases March 2024 Monthly Summary [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Releases March 2024 Monthly SummaryPR Newswire
- Growth and Industry Recognition Define Planet Financial Group's 2024 First Quarter [Yahoo! Finance]Yahoo! Finance
FNMA
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FNMA
Sec Filings
- 4/26/24 - Form 8-K/A
- 4/22/24 - Form 8-K
- 2/22/24 - Form 8-K
- FNMA's page on the SEC website